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Mexico City, May 26, 2021 /PRNewswire /-Maxcom Telecomunicaciones SAB de CV (BMV: MAXCOM A, OTC: MXMTY) (“Maxcon“Or”the company”) announced today that in accordance with related events April 26, 2021In order to maximize its short-term financial flexibility, the company decided not to pay the semi-annual interest of its 8% senior mortgage notes (“notes”) due in 2024 within the corresponding 30-day grace period.
Due to disputes with Mexican tax authorities, this pandemic and limited funding sources have had a negative impact on Maxcom’s liquidity. Maxcom was forced to maintain this measure in order to prioritize cash resources for operating activities and ensure its business continuity.
Maxcom reiterated that it will continue to analyze strategic solutions and financial alternatives, which will enable the company to consolidate its value proposition in the long-term and comply with its financial responsibilities to the greatest extent for the benefit of all stakeholders.
Maxcom confirmed its commitment to maintain close communication with the investment public.
About Maxcom
SAB de CV’s Maxcom Telecomunicaciones is headquartered in Mexico City Is a facility-based telecommunications provider that uses a “smart build” approach to provide “last mile” connectivity to corporate and residential customers Mexico.
Maxcom started commercial operations in 2004 May 1999 Currently using local and long-distance telephone services; wired, wireless and cellular data transmission and value-added services Mexico City Metropolitan area, Monterrey, Puebla, Queretaro, Leon, Guadalajara, San Luis Potosí, Tehuacán and TolucaAnd other cities Mexico. The information contained in this press release is the exclusive responsibility of Maxcom Telecomunicaciones (SAB de CV) and has not been reviewed by the National Bank and Securities Commission of Mexico (CNBV) or any other authority.
The investor’s trading of these securities is the sole responsibility of the investor.
View original content:http://www.prnewswire.com/news-releases/maxcom-annoucement-regarding-its-semi-annual-interest-payment-301300468.html
Source: Maxcom Telecomunicaciones, SAB de CV
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