Maxcom snaps up long-distance operator

14 Mar 2006

Mexican fixed line operator Maxcom has reached an agreement to acquire long-distance carrier Grupo Telereunion. Telereunion was granted a licence to operate as a long-distance carrier and value-added service provider in 1998. It launched two years later and currently operates a 4,300km fibre-optic network, with interconnection in 59 cities and border access to the US. It offers pre-paid cards, calling cards, IP-based, long-distance and broadband services. Maxcom offers local, long-distance, data, value-added, CATV and IP-based services in greater metropolitan Mexico City, Puebla, Queretaro, Toluca, Monterrey, Guadalajara and San Luis Potosi. The acquisition will provide Maxcom with a broader national footprint by adding 680km of fibre-optic infrastructure in the Gulf region, alongside local interconnection in the additional 59 cities. As part of the transaction, Grupo Telereunion’s current owners, the Vazquez-Arroyo Carstens family, will subscribe to a capital increase in Maxcom, taking a 16.34% stake in the company in the process. The deal is subject to regulatory approval. As a result of the acquisition and the capital increase, the Vazquez- Arroyo Carstens family will own 16.34% of Maxcom’s equity.

Mexico, Maxcom