Maxcom plans USD250 million investment over next two years

30 Jul 2008

BNamericas is reporting that Maxcom, the multi-service Mexican operator, has set aside USD250 million for investment in 2008/09. The funds will be used for expansion of network infrastructure, with Maxcom aiming to launch services in at least two new cities in 2009, having launched in Tehuacan and San Luis Potosi this year. The funds have been made available following an IPO in October 2007. Maxcom CEO, Rene Sagastuy, also confirmed that the company will continue to offer mobile services as an MVNO, rather than look to obtain a full licence. Sagastuy also revealed that the operator was looking to reach 45,000 mobile subscribers by the end of this month.

Mexico, Maxcom