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Mexico's Axtel sells fiber business to Megacable for 1.15 bln pesos

MEXICO CITY, May 2 (Reuters) - Mexican telecommunications firm Axtel said on Thursday that it signed a deal with cable company Megacable to sell its fiber business in some cities for 1.15 billion pesos ($60.17 million).

The deal applies to the Mexican cities of Leon, Puebla, Toluca, Guadalajara and Queretaro and is effective as of Thursday, Axtel said in a statement.

($1 = 19.1130 Mexican pesos) (Reporting by Daina Beth Solomon)