Maxcom files for US IPO

24 Jul 2007

Mexican fixed line operator Maxcom Telecommunications has revealed it is planning an initial public offering of as much as USD175 million in American depositary shares. The underwriter is Morgan Stanley, according to a preliminary prospectus filed with the U.S. Securities and Exchange Commission. Maxcom is currently owned by Bank of America Equity Partners (approx 80%) and the Vazquez-Arroyo Carstens family (16.34%), with the remainder distributed between individuals and Maxcom staff.

Mexico, Maxcom