October 25, 2021 |
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
US telco gives shareholders and bondholders until November 5 to agree to tender offers