The Bank of New York Mellon Appointed as Depositary Bank by Maxcom

NEW YORK, Oct. 24  /PRNewswire-FirstCall/ -- The Bank of New York Mellon, the global leader in asset management and securities servicing, has been selected by Maxcom as the depositary bank for its American depositary receipt (ADR) program.  Each Maxcom ADR represents seven ordinary participation certificates (CPOs) and each CPO represents three shares of Series "A" common shares.  The ADRs trade on the New York Stock Exchange under the symbol "MXT." The CPOs trade on the Bolsa Mexicana de Valores under the symbol "MAXCOM CPO."

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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.

Christopher Sturdy, executive vice president and head of The Bank of New York Mellon's Depositary Receipt Division, said, "We are delighted to be working with Maxcom as the depositary bank for the first IPO coming out of Mexico in 2007. Our extensive experience with Mexican issuers will support Maxcom in the expansion of its ADR program."

The Bank of New York Mellon's Depositary Receipt business is conducted through The Bank of New York subsidiary, which acts as depositary for more than 1,290 American and global depositary receipt programs, acting in partnership with leading companies from 61 countries.  With an unrivalled commitment to helping securities issuers succeed in the world's rapidly evolving financial markets, the Company delivers the industry's most comprehensive suite of integrated depositary receipt, corporate trust and stock transfer services.  Additional information is available at http://www.adrbny.com/.

The Bank of New York Mellon Corporation is a global financial services company focused on helping clients manage and service their financial assets, operating in 37 countries and serving more than 100 markets.  The company is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team.  It has more than $20 trillion in assets under custody and administration, more than $1.1 trillion in assets under management and services $11 trillion in outstanding debt. Additional information is available at bnymellon.com.

The Bank of New York Mellon provides no advice nor recommendation or endorsement with respect to any company or security.  Nothing herein shall be deemed to constitute an offer or solicitation of an offer to buy or sell securities. 

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DATASOURCE: The Bank of New York Mellon



CONTACT:  Dori Flanagan of The Bank of New York Mellon, [phone]



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

http://www.adrbny.com/ 

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