Maxcom informs about an update in connection with a Master Lease Agreement with MXT
Released: October 15, 2021 at 9:55 a.m. CDT|Updated: 1 hour ago
MEXICO CITY, Oct 15, 2021 / PRNewswire / – Follow-up to the relevant event that took place on. has been published September 24, 2021, from Maxcom Telecomunicaciones, SAB de CV (BMV: MAXCOM A, OTC: MXMTY) (“Maxcom” or the “Issuer”, indistinct) in connection with the takeover offer by Transtelco Acquisitions III, S. de RL de CV (“Transtelco” ) up to the total number of shares that represent the Issuer’s share capital (the “Public Offering”), the Issuer shall notify the investor public of the following:
A. A April 6, 2018, the Issuer has concluded a Master Lease and Service Provision Agreement with MXT Eagle Towers, SAPI de CV (“MXT”) as the provider, under which Maxcom has contractually agreed with MXT, among other things, the access and shared use of the passive telecommunications infrastructure (the ” MXT framework agreement “).
B. For the purposes of the MXT framework agreement, in the event of a successful public offer, Maxcom must inform MXT in writing within three working days of the conclusion of the offer that a change of control has occurred at the issuer.
C. As a result of such a potential change of control and in any case subject to a number of conditions, MXT (as the supplier) could prematurely terminate the MXT Framework Agreement and possibly trigger a contractual penalty to be paid by Maxcom in the amount of a substantial amount.
D. In accordance with the foregoing, Transtelco is currently negotiating with MXT the terms of its commercial agreements in the ordinary course of business. At this point in time, none of these negotiations have a negative impact on the public offering process.
Maxcom would like to thank all of its stakeholders for the continued support and reaffirm their commitment to close communication with the investing audience.
Maxcom started commercial operations in May 1999; its head office is in Mexico City. The company is an integrated telecommunications service provider using a “smart design strategy” to provide last mile connectivity, city and long-distance services, co-locations and other value-added services to the company as well as domestically and internationally. Carrier Markets. Maxcom offers its services over a fiber optic network of more than 8,500 kilometers, which enables in Mexico Capital Cities.
The information in this press release is the sole responsibility of Maxcom Telecomunicaciones, SAB de CV and has not been verified by the ComisiÃ³n Nacional Bancaria y de Valores (CNBV) or any other authority.
Trading in these securities by an investor is under his / her responsibility.
For more information contact:
(52 55) 4770-1170
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SOURCE Maxcom Telecomunicaciones, SAB de CV
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