Transtelco delays Maxcom acquisition

Transtelco delays Maxcom acquisition

Corporate & Sovereign Strategy Debt Bonds Fixed Income Telecoms Mexico

US telecommunications company Transtelco said it has delayed deadlines for investors to tender shares and bonds issued by Maxcom Telecomunicaciones, which Transtelco offered to buy in August. El Paso-based Transtelco extended a tender offer for Maxcom's outstanding shares until November 5 and given bondholders until the same day to participate in the buyback of Maxcom's 8% 2024 notes, it said in separate statements. The company plans to spend MXN608 million ($30.2 million) to buy Maxcom's 276 mi

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