Maxcom Announces Early Participation Results of Exchange Offer

MEXICO CITY, March 14, 2013 /CNW/ - (NYSE: MXT, BMV: MAXCOM.CPO) – Maxcom 
Telecomunicaciones, S.A.B. de C.V. ("Maxcom" or the "Company") announced today 
that the exchange agent in the exchange offer (the "Exchange Offer") for any 
and all of the Company's outstanding 11% Senior Notes due 2014 (the "Old 
Notes") for its new Step-Up Senior Notes due 2020 (the "New Notes") has 
advised the Company that as of 5:00 p.m., New York City Time, on March 13, 
2013, approximately US$120,172,000, or 60.09%, of the Old Notes had been 
validly tendered and not withdrawn in the Exchange Offer. 
The concurrent equity tender offer for Maxcom's Series A Common Stock and 
related CPOs and ADSs (the "Equity Tender Offer") by the purchaser and the 
other co-bidders named in the Equity Tender Offer documents, and the binding 
obligation of the purchaser in connection with the Equity Tender Offer to make 
a capital contribution to Maxcom, which will be in the amount of approximately 
US$45 million, are conditioned upon, among other things, an exchange of at 
least 90% of the Old Notes in the Exchange Offer.  If this condition is not 
met, Maxcom will not receive the capital contribution proposed by the 
If the Exchange Offer is not consummated and as a result the Equity Tender 
Offer is not consummated and the capital contribution to Maxcom is not made by 
the purchaser, Maxcom believes there is a significant risk to its operational 
and financial viability due to, among other factors: 

    --  the Company's low and deteriorating cash balances and liquidity
    --  the Company's ability to meet its debt service obligations
        under the Old Notes may be at risk,
    --  a statement by one of the rating agencies that if the Exchange
        Offer is not consummated, the Company's credit rating could
        potentially be downgraded by more than one notch, and
    --  the Company will not have the ability to make necessary
        investments in technology, infrastructure and maintenance of
        its network.

If the Company is unable to consummate the Exchange Offer and secure 
additional capital and liquidity offered by the purchaser in connection with 
the Equity Tender Offer, then the Company will have to evaluate other 
alternatives available to it under law to conserve its cash and restructure 
its debt obligations including, but not limited to, debt forgiveness, an 
extension of maturity, and a lower coupon.

Maxcom recognizes the benefits to the Company of the proposed capital 
contribution by the purchaser in connection with the Equity Tender Offer that 
is conditioned on the successful completion of the Exchange Offer.  Based on 
the foregoing, Maxcom announced today that it has extended the early 
participation period in the Exchange Offer to 5:00 p.m., New York City time, 
on March 27, 2013, the expiration date of the Exchange Offer. All Old Notes 
validly tendered by the expiration date of the Exchange Offer will receive the 
early participation consideration.

The complete terms and conditions of the Exchange Offer and consent 
solicitation are described in the Offering Memorandum and Consent Solicitation 
Statement, copies of which may be obtained by eligible holders of the Old 
Notes by contacting D.F. King & Co., Inc., the information agent for the 
Exchange Offer and consent solicitation, at (800) 967-4607 (toll free).

The New Notes have not been registered under the Securities Act of 1933, as 
amended (the "Securities Act"), or any state securities laws, and may not be 
offered or sold in the United States absent registration or an applicable 
exemption from registration requirements, and will therefore be subject to 
substantial restrictions on transfer.

The Exchange Offer is being made, and the New Notes are being offered and 
issued, only to registered holders of Old Notes (i) in the United States who 
are "qualified institutional buyers," as that term is defined in Rule 144A 
under the Securities Act and (ii) outside the United States and are persons 
who are not "U.S. persons," as that term is defined in Rule 902 under the 
Securities Act.

This announcement is for informational purposes only and does not constitute 
an offer to sell or a solicitation of an offer to buy the New Notes nor an 
offer to purchase Old Notes nor a solicitation of consents.  The Exchange 
Offer and consent solicitation is being made solely by means of the Offering 
Memorandum and Consent Solicitation Statement and Letter of Transmittal.

About Maxcom

Maxcom Telecomunicaciones, S.A.B. de C.V., headquartered in Mexico City, 
Mexico, is a facilities-based telecommunications provider using a 
"smart-build" approach to deliver last-mile connectivity to micro, small and 
medium-sized businesses and residential customers in the Mexican territory. 
Maxcom launched commercial operations in May 1999 and is currently offering 
local, long distance, data, value-added, paid TV and IP-based services on a 
full basis in greater metropolitan Mexico City, Puebla, Tehuacan, San Luis, 
and Queretaro, and on a selected basis in several cities in Mexico. The 
information contained in this press release is the exclusive responsibility of 
Maxcom and has not been reviewed by the Mexican National Banking and 
Securities Commission (the "CNBV") or any other authority. The registration of 
the securities described in this press release before the National Registry of 
Securities (Registro Nacional de Valores) held by the CNBV, shall it be the 
case, does not imply a certification of the investment quality of the 
securities or of Maxcom's solvency. The trading of these securities by an 
investor will be made under such investor's own responsibility.

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 statement 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.

For more information contact:

Manuel S. Perez Mexico City, Mexico (52 55) 4770-1170

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

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

-0- Mar/14/2013 12:55 GMT

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