Maxcom Exits Bankruptcy

Maxcom has completed its Chapter 11 bankruptcy proceedings in the United States, it says. The exit follows a sale of the Mexican telecom to a private equity firm and subsequent capitalization process that resulted in a reduction of debt and injection of $45m. A group of investors led by Mexican private equity firm Ventura Capital Privado acquired 44.7% of the Maxcom shares through a public offer last month. Lazard has been advising Maxcom, a provider of business and residential phone along with pay TV and other services.