Transtelco Holding, Inc. completed the acquisition of Maxcom Telecomunicaciones S.A.B. de C.V. (BMV:MAXCOM A).
November 14, 2021
Share
Transtelco Holding, Inc. made an offer to acquire Maxcom Telecomunicaciones S.A.B. de C.V. (BMV:MAXCOM A) for approximately MXN 610 million on September 24, 2021. Following completion of the Acquisition, Maxcom will be an indirect subsidiary of Transtelco. As of November 5, 2021, approximately 94.96% of the outstanding Notes, had been validly tendered and not withdrawn pursuant to the Offer. Transtelco expects to accept and pay for all Notes tendered at or prior to the Expiration Date on or about November 10, 2021. If the Offer or the Consent Solicitation is terminated or withdrawn, the existing Indenture governing the Notes will remain in effect in its present form. The deal is subject to approval from regulatory authority. The acquisition period comprises 20 days, which began on September 24, 2021 and will end on Thursday, October 21, 2021. The successful completion of the Tender Offer is conditioned upon the successful completion of the cash tender offer to purchase the outstanding principal amount of the 8% Senior Secured Notes due 2024. As on October 21, 2021, the offer period will now be 30 Business Days starting on September 24, 2021, and ending on November 5, 2021. The offer is expected to close on November 5, 2021. As of November 8, 2021, the acquisition is expected to close on or about November 10, 2021. D.F. King & Co., Inc. acted as information agent to Transtelco. BCP Securities, LLC has been retained as dealer manager.
Transtelco Holding, Inc. completed the acquisition of Maxcom Telecomunicaciones S.A.B. de C.V. (BMV:MAXCOM A) on November 15, 2021. The combined company will have over 25,000 kilometers of fiber throughout the United States and Mexico that will touch over 6,000 enterprise buildings.
Maxcom Telecomunicaciones, S.A.B. de C.V. is an integrated telecommunication services operator in four metropolitan markets in Mexico and selected service in other markets. The Company offers local and long-distance voice telephony, Internet, Voice over Internet Protocol (VoIP) services, paid television, mobile services, other value-added services and data services in the cities of Mexico City, Puebla, Queretaro and San Luis Potosi. The Company offers MaxCONEXION, CentralMax, Maxcom a tu lado and MaxDIVERSION products in the residential market and LineaMax Comercial, CentralMax, TroncalMax Digital, TroncalMax Analogic, TroncalSip, Hosted Contact Center, Hosted IP PBX, I-line, 1-800 Numbers, SpeediMax, Dedicated Internet, Private links, E-Security, Managed Servers, Managed Backup, Managed Storage, Managed Tape Storage, Business Continuity Center, Co-location Services, Virtual Servers, Backup Online, Lync, SharePoint and Bulk Short Message Service (SMS) for the commercial market.