/PRNewswire/ Maxcom Telecomunicaciones S.A.B. de C.V. (BMV: MAXCOM A, OTC: MXMTY) ("Maxcom" or the "Company") informs that Transtelco Holding, Inc. (the.
Maxcom Telecomunicaciones S.A.B. de C.V. (B.M.V.: MAXCOM A, O.T.C.: MXMTY) (
Maxcom or the
Company ) announced today that in order to maximize its short-term financial flexibility the Company will not pay the semi-annual interest on its
8% Senior Secured Notes due 2024 ( the Notes ), payable on April 26, 2021. Interest accrued to date on this coupon amount to USD$2.3 million. Payment of the interest is subject to a 30 day grace period.
Maxcom s liquidity has been adversely affected by the pandemic as well as restricted access to capital sources resulting from a dispute with the Mexican tax authorities.
Maxcom is currently analyzing strategic solutions and financial alternatives that would allow the Company to consolidate its value proposition for the long term, comply as far as possible with its financial obligations and maximize the benefit for all its stakeholders.
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