Transtelco and Milmo Group Bid to Acquire Mexican Telecom Axtel

Transtelco and a group led by Tomás Milmo Santos are competing to acquire Axtel.

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As of 2026-09-02 00:31 UTC. Market figures are as the cited sources reported them at that time and may have moved since. This is news, not investment advice.

A rival bid led by Tomás Milmo Santos, co-chair of the board, through his investment vehicle 4 Tech Plus, is competing against Transtelco's offer. ^[1] The board of directors of Axtel granted preliminary approval to an acquisition offer from Transtelco Holding Inc. on an unspecified date in August 2026. ^[2] Transtelco Holding Inc., which operates under the name Flō Networks, intends to launch a public tender offer to acquire 100% of Axtel SAB. ^[3] US fiber operator Flō Networks has announced a bid to acquire up to 100% of the Mexican firm Axtel. ^[4] Axtel's board of directors approved the request from 4 Tech Plus to conduct a public tender offer on August 27, 2026. ^[5] Axtel's co-founder made a rival bid for the company. ^[6] The target of the acquisition is Axtel, a Mexican firm. ^[7]

What this stands on

A rival bid led by Tomás Milmo Santos, co-chair of the board, through his investment vehicle 4 Tech Plus, is competing against Transtelco's offer. · El Financiero

The board of directors of Axtel granted preliminary approval to an acquisition offer from Transtelco Holding Inc. on an unspecified date in August 2026. · El Financiero

Transtelco Holding Inc., which operates under the name Flō Networks, intends to launch a public tender offer to acquire 100% of Axtel SAB. · El Financiero

US fiber operator Flō Networks has announced a bid to acquire up to 100% of the Mexican firm Axtel. · LatinFinance

Axtel's board of directors approved the request from 4 Tech Plus to conduct a public tender offer on August 27, 2026. · El Financiero

Axtel's co-founder made a rival bid for the company. · LatinFinance

The target of the acquisition is Axtel, a Mexican firm. · LatinFinance

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