Maxcom Telecomunicaciones Announces Pricing of its Global Initial Public Offering

MEXICO CITY, Oct. 19  /PRNewswire/ -- Maxcom Telecomunicaciones, S.A.B. de C.V. ("Maxcom" or the "Company"), announced today the pricing of its global initial public offering of 12,296,970 American Depositary Shares (ADSs) in the United States and 16,969,697 Ordinary Participation Certificates (CPOs) in Mexico. Approximately 16% of the ADSs and the CPOs were sold by existing Maxcom shareholders. Each ADS represents seven CPOs, while each CPO represents three Series "A" common shares.

The ADSs, trading under symbol "MXT" on the New York Stock Exchange (NYSE), were priced at US$17.50 per ADS. The CPOs, trading under symbol "MAXCOM CPO" on the Mexican Stock Exchange (BMV), were priced at Ps$27.10. Assuming the underwriters do not exercise the over-allotment option, the initial public offering will result in Maxcom receiving estimated gross proceeds of approximately US$215.2 million.

Maxcom, headquartered in Mexico City and founded in 1996, is an integrated telecommunication services operator providing voice and data services to residential and small- and medium-sized business customers in four metropolitan markets in Mexico. Maxcom provides a wide range of services, including local and long-distance voice, data, high speed, dedicated and dial- up Internet access, public telephony and Voice over Internet Protocol (VoIP) telephony, as well as, cable television and mobile voice service through resale arrangements or partnerships with other providers.

Morgan Stanley & Co. Incorporated is the sole book-runner and global coordinator for the initial public offering, while Ixe Casa de Bolsa, S.A. de C.V., Ixe Grupo Financiero is the Mexican lead underwriter for the Mexican tranche of the offering.  Maxcom has granted rights to the underwriters to have an option to purchase up to an additional 15,457,277 CPOs, including in the form of ADSs, from the Company at the initial public offering price less the underwriting discount.

The public offering is being made only by means of a prospectus; a copy of the final prospectus relating to these securities may be obtained, when available, from:

  Morgan Stanley & Co. Incorporated
  Prospectus Department
  180 Varick Street 2nd Floor
  New York, NY 10014
  Telephone: [phone]
  Email: 

  Ixe Casa de Bolsa, S.A. de C.V., Ixe Grupo Financiero
  Prospectus Department
  Paseo de la Reforma No. 505 -- 47
  Col. Cuauhtemoc CP 06500
  Mexico City, Mexico
  Telephone: [phone]
  Email: 



This release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.  Any offering of CPOs or ADSs in the United States is being made only by means of a written prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended.

The information contained in this press release is the exclusive responsibility of Maxcom Telecomunicaciones, S.A.B. de C.V. and has not been reviewed by the Mexican National Banking and Securities Commission (CNBV). The registration of the CPOs described in this press release before the National Registry of Securities (Registro Nacional de Valores) held by the CNBV does not imply a certification of the investment quality of the securities or of Maxcom's solvency. The ADSs may not be publicly offered or traded in Mexico. The trading of these securities by an investor will be made under such investor's own responsibility.

  For more information contact:
  Jose-Antonio Solbes
  Mexico City, Mexico
  (52 55) 1163 1005
  

  Lucia Domville
  New York City, NY
  [phone]
  



This document may include forward-looking statements that involve risks and uncertainties that are detailed from time to time in the U.S. Securities and Exchange Commission filings of the Company. Words such as "estimate," "project," "plan," "believe," "expect," "anticipate," "intend," and similar expressions may identify such forward-looking statements. The Company wants to caution readers that any forward-looking statements in this document or made by the company's management involves risks and uncertainties that may change based on various important factors not under the Company's control. These forward-looking statements represent the Company's judgment as of the date of this document. The Company disclaims, however, any intent or obligation to update these forward-looking statements. 

DATASOURCE: Maxcom Telecomunicaciones, S.A.B. de C.V.



CONTACT:  Jose-Antonio Solbes, Maxcom Telecomunicaciones,

+011-52-55-1163-1005, ; or Lucia Domville,

[phone],  



Web site:  http://www.maxcom.com/ 

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