ANNUAL INTEGRATED REPORT 2021
ANNUAL INTEGRATED REPORT 2021 | AXTEL
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As of December 31, 2021, 2020 and 2019, the main subsidiary
companies of Axtel were as follows:
Axtel, S. A. B. de C. V. (Holding company) (2)
Servicios Axtel, S. A. de C. V. (3)
Alestra Innovacion Digital, S. de R. L. de C. V. (2)
Axes Data, S. A. de C. V. (3)
Stockholding
interest (%)
Country 2021
2020 2019
Mexico
Mexico
Mexico 100
Mexico
Contacto IP, S. A. de C. V. (3)
Mexico
Instalaciones y Contrataciones, S. A. de C. V. (3)
Ingeniería de Soluciones Alestra, S. A. de C. V. (3)
Alestra USA, Inc. (1)
Mexico
Mexico
100
100
Functional
currency
Mexican peso
100 100 Mexican peso
100 100 Mexican peso
100 100 Mexican peso
100 100 Mexican peso
100 100 Mexican peso
Mexican peso
USA
100
100
100
U.S. dollar
Mexico
100
100
100
Mexican peso
Mexico 100
100
100
Mexican peso
Mexico 100 100
100
Mexican peso
Mexico 100 100
100
Mexico 100 100
100
Mexico 100 100
Mexico 100 100
Mexico 100 100
Mexico 100 100
Mexico 100 100
Mexico 100 100
100
100
Mexican Peso
Mexican Peso
Mexican Peso
Mexican Peso
Mexican Peso
Mexican Peso
Mexican Peso
Mexican Peso
S&C Constructores de Sistemas, S. A. de C. V. ("S&C")
Estrategias en Tecnología Corporativa, S. A. de
C. V. ("Estratel") (2)
Servicios Alestra TI, S. A. de C. V. (2)
Alestra Procesamiento de Pagos, S. A. de C. V. (2) (3)
La Nave del Recuerdo, S. A. de C. V.
Contacto IP FTTH de México, S. A. de C. V.
Alestra Servicios Móviles, S. A. de C. V. (2)
Fomento de Educación Tecnológica, S.C. (4)
Axtel Networks, S. A. de C. V.
Servicios Axtel Networks, S. A. de C. V.
AXE Redes e Infraestructura S. A. de C. V.
Leasing of telecommunications and infrastructure equipment.
(2) Provider of telecommunication services.
(3) At the General Extraordinary Stockholders' Meeting held on
December 1, 2021, the stockholders agreed to merge Servicios
Axtel, S. A. de C. V., Axes Data, S. A. de C.V., Contacto IP, S. A. de
C.V., Instalaciones y Contrataciones, S.A de C. V., and Ingeniería
de Soluciones Alestra, S. A. de C. V. (as merged companies)
with Alestra Procesamiento de Pagos S.A. de C. V. (as merging
company); this merger has no impact on the Company's operations
at the consolidated level.
(4) Training and development services
As of December 31, 2021, 2020 and 2019, there are no significant
restrictions for the investment in shares of the subsidiary companies
mentioned above.
iv. Absorption (dilution) of control in subsidiaries
The effect of absorption (dilution) of control in subsidiaries, that is,
an increase or decrease in the percentage of control, is recorded
in stockholders' equity, directly in retained earnings, in the period
in which the transactions that cause such effects occur. The effect
of absorption (dilution) of control is determined by comparing the
book value of the investment in shares before the event of dilution
or absorption against the book value after the relevant event. In the
case of loss of control, the dilution effect is recognized in income.
When the Company issues a call option on certain non-controlling
interests in a consolidated subsidiary and the non-controlling
stockholders retain the risks and benefits over such interests in
the consolidated subsidiary, these are recognized as financial
liabilities at the present value of the amount to be reimbursed from
the options, initially recorded with the corresponding reduction
in equity and subsequently accruing through financial charges in
results during the contractual period.
v. Sale or disposal of subsidiaries
When the Company ceases to have control, any retained interest
in the entity is remeasured at fair value, and the change in the
carrying amount is recognized in the consolidated statement of
income. The fair value is the initial carrying amount for accounting
purposes for any subsequent retained interest in the associate, joint
venture or financial asset. Any amount previously recognized in
comprehensive (loss) income in respect of that entity is accounted
20
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