Avantel
Encyclopedia
Avantel is a telecommunications company based in Mexico City
.
Avantel was founded in October 1994 by Mexican investors partnered with Banamex and MCI
(acquired by Verizon Communications
) after the deregulation of the communications industry in Mexico
. Avantel initiated operations in August 1996 and Francisco Gil Díaz
became CEO in 1997, position he kept in 2000 to join the cabinet of Vicente Fox
, president of Mexico
as his Secretary of Finance.
Initially a long distance phone company, Avantel has increased it services to provide internet services
becoming the first company of its kind in Mexico that built a network exclusively for Internet
traffic. The company also offers Voice over IP
for residential customers and toll free numbers, voice and data networks for business customers.
On December 4, 2006 Axtel
announced the closing of its acquisition of Avantel. The purchase of Avantel consolidates Axtel as the second integrated telecoms company in Mexico.
Mexico City
Mexico City is the Federal District , capital of Mexico and seat of the federal powers of the Mexican Union. It is a federal entity within Mexico which is not part of any one of the 31 Mexican states but belongs to the federation as a whole...
.
Avantel was founded in October 1994 by Mexican investors partnered with Banamex and MCI
MCI Inc.
MCI, Inc. is an American telecommunications subsidiary of Verizon Communications that is headquartered in Ashburn, Virginia...
(acquired by Verizon Communications
Verizon Communications
Verizon Communications Inc. is a global broadband and telecommunications company and a component of the Dow Jones Industrial Average...
) after the deregulation of the communications industry in Mexico
Communications in Mexico
Communications in Mexico are regulated by the Secretariat of Communication and Transportation , a federal executive cabinet ministry and by the Federal Telecommunications Commission .Mexico's communication services market is among the...
. Avantel initiated operations in August 1996 and Francisco Gil Díaz
Francisco Gil Díaz
Francisco Gil Díaz is a Mexican economist who served as Secretary of Finance in the cabinet of President Vicente Fox and currently serves as regional chairman of Telefónica for Mexico and Central America....
became CEO in 1997, position he kept in 2000 to join the cabinet of Vicente Fox
Vicente Fox
Vicente Fox Quesada is a Mexican former politician who served as President of Mexico from 1 December 2000 to 30 November 2006 and currently serves as co-President of the Centrist Democrat International, an international organization of Christian democratic political parties.Fox was elected...
, president of Mexico
President of Mexico
The President of the United Mexican States is the head of state and government of Mexico. Under the Constitution, the president is also the Supreme Commander of the Mexican armed forces...
as his Secretary of Finance.
Initially a long distance phone company, Avantel has increased it services to provide internet services
Internet service provider
An Internet service provider is a company that provides access to the Internet. Access ISPs directly connect customers to the Internet using copper wires, wireless or fiber-optic connections. Hosting ISPs lease server space for smaller businesses and host other people servers...
becoming the first company of its kind in Mexico that built a network exclusively for Internet
Internet
The Internet is a global system of interconnected computer networks that use the standard Internet protocol suite to serve billions of users worldwide...
traffic. The company also offers Voice over IP
Voice over IP
Voice over Internet Protocol is a family of technologies, methodologies, communication protocols, and transmission techniques for the delivery of voice communications and multimedia sessions over Internet Protocol networks, such as the Internet...
for residential customers and toll free numbers, voice and data networks for business customers.
On December 4, 2006 Axtel
Axtel
Axtel , is a Mexican telecommunications company, headquartered in Monterrey, that provides telecommunication products and services in Mexico...
announced the closing of its acquisition of Avantel. The purchase of Avantel consolidates Axtel as the second integrated telecoms company in Mexico.
External links
Official site- Avantel data at siem.gob.mx (mexico´s gob. empresarial info system) 2006 (before the Axtel fusion
- Avantel; at solutionsabroad.com, the website of the community of American expatriates in Mexico