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Investor Presentaiton

Economic Perspective The direct economic value generated and distributed in 2011 in AXTEL, including earnings, exploitation costs, employee retribution, donations and other investments in the community, non-distributed benefits, and payments to capital investors and governments, are presented in the following chart: Economic Value Generated (EVG) Economic Performance AXTEL 2011* Concept Revenues 2011 10,829,405 Revenues due to interests 22,340 Other earnings -419,450 VEG 10,432,295 Operating costs 2,799,269 Services acquired (Outsourcing) 427,855 Economic Value Distributed Social benefits (Payroll and Derivates) 2,014,782 Taxes paid (EVD) Payment to fund providers 69,314 763,536 Investments in the community (Donations) 22,068 VED 6,096,824 Economic Value EVG + EVD 4,335,471 *Thousands of MXP Retained (Mexican Financial Information Standards) 66
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