If the Wifi LED on the front panel of the AXN/MXN is flashing, it will mean one of the following:
White, slowly flashing LED: Booting
White, quickly flashing LED: Connecting to a network
White, LED is on: Network connected
Teal, slowly flashing LED: Network setup mode
Teal, LED is on: Further network setup required
White/Teal, slowly flashing LED: Software updating
Orange, LED is on: No internet connection
Red, quickly flashing: Resetting to factory defaults