Transtelco Holding, Inc. has completed the acquisition of Maxcom Telecomunicaciones, S.A.B de C.V. (BMV: MAXCOM A, OTC: MXMTY), a sociedad anónima bursátil organised under the laws of the United Mexican States (Maxcom) through concurrent and co-dependent public tender offers for Maxcom’s equity and debt.
The combined company will have over 25,000 kilometres/15,000 miles of fibre throughout the United States and Mexico that will touch over 6,000 enterprise buildings.
Transtelco had announced the final results of the cash tender offer to purchase any and all of the outstanding 8% Senior Secured Notes due 2024 of Maxcom from holders of the Notes and solicitation of consents from holders of the Notes last week.
According to information received from D.F. King & Co., Inc., the tender agent and information agent for the Offer, as of the Expiration Date, an aggregate of US$53,993,665 principal amount of the notes, representing approximately 94.96% of the outstanding notes.
BCP Securities, LLC has been retained as dealer manager. D.F. King & Co., Inc. has been retained to serve as both the tender agent and the information agent.
Transtelco’s CEO, Miguel Fernandez, said: “This complex acquisition marks an important milestone for Transtelco. After 20 years of being the leading binational B2B digital infrastructure service provider, this acquisition cements Transtelco’s position in Mexico as having one of the most unique, scalable, and low latency networks with access routes to transport the country’s data.
“The combined networks possess unique routes to move traffic to and from the United States, Mexico and the rest of the Americas. We are confident that under our leadership, as we did with Neutrona in 2020, we will be able to enhance operations to provide more resilient services to our customers while achieving greater scale and operating leverage with automation.”
Headquartered in El Paso, Texas, Transtelco is a global digital infrastructure provider, which includes a long-haul and metropolitan fibre network in the Southwestern U.S., Mexico and Latin America.
The company offers Dedicated Internet Access, Long-Haul & Metro Transport, Colocation and Telephony services to global telecom carriers and blue-chip enterprise customers.
Maxcom launched its commercial operations in May 1999, holding its headquarters in Mexico City.
It is a facilities-based telecommunications provider that uses a “smart-build” approach to deliver last-mile connectivity, metropolitan and long-distance transportation services, colocations and other value-added services, both to the enterprise segment and to the national and international carrier segment.