Flō Networks Moves to Acquire Up to 100% of Axtel in Mexico
Image
Mexico City – September 07, 2026 -- Flō Networks has announced plans to launch public tender offers to acquire up to 100% of the outstanding shares of Controladora Axtel, S.A.B. de C.V. and up to 100% of the CPOs of Axtel, S.A.B. de C.V., in a move that would consolidate two major fiber-optic operators in Mexico.
Boards of both Axtel companies give preliminary green light to the deal
Flō, the U.S.-based digital infrastructure operator formerly known as Transtelco, said it has received preliminary approval from the Boards of Directors of both Axtel Companies to advance toward launching the offers. The company is now seeking regulatory clearances required to proceed.