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	<title>Wireless Federation &#187; Axtel</title>
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		<title>Axtel to buy Avantel for USD 500 million</title>
		<link>http://wirelessfederation.com/news/2066-axtel-to-buy-avantel-for-usd-500-million/</link>
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		<pubDate>Sat, 28 Oct 2006 11:09:55 +0000</pubDate>
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				<category><![CDATA[Mobile]]></category>
		<category><![CDATA[Avantel]]></category>
		<category><![CDATA[Axtel]]></category>
		<category><![CDATA[Mexico]]></category>

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		<description><![CDATA[Mexican operator Axtel has agreed to acquire Avantel for USD 500 million. The deal combines Axtel&#8217;s local access network with Avantel&#8217;s IP backbone and metro fibre rings, making the combined group the second-largest carrier in Mexico with over 750,000 customers. Axtel will pay USD 310 million cash and assume USD 190 million in net debt. [...]]]></description>
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