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January 25, 2008 |
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MAXCOM TELECOM: May Get Acquisition Offers, Says Analyst Maxcom Telecomunicaciones, S.A.B. de C.V. has become an acquisition target for other companies, Mexican news daily El Semanario reports, citing Vector Casa de Bolsa analyst Martin Lara. Mr. Lara told El Semanario that companies that may want to acquire Maxcom Telecomunicaciones include: -- Spain's Telefonica, -- media company Grupo Salinas, and -- Mexican multi-service telco Axtel. Maxcom Telecomunicaciones operates with an estimated value of 6.3 times Ebitda, which is about 14% lower than its closest competitor and possible buyer Axtel, Business News Americas relates, citing Mr. Lara. Mr. Lara told BNamericas that Maxcom Telecomunicaciones is the operator with the highest organic growth in Mexico. According to BNamericas, Mr. Lara forecasts that Maxcom Telecomunicaciones will report positive results in the fourth quarter 2007. Mr. Lara told BNamericas that Maxcom Telecomunicaciones' revenues would increase 24% in the quarter, compared to the same period in 2006. This could affect the price of the stock in the short term. Headquartered in Mexico City, Mexico, Maxcom Telecomunicaciones, SA de CV, is a facilities-based telecommunications provider using a "smart-build" approach to deliver last-mile connectivity to micro, small and medium-sized businesses and residential customers in the Mexican territory. Maxcom Telecomunicaciones launched commercial operations in May 1999 and is currently offering Local, Long Distance and Internet & Data services in greater metropolitan Mexico City, Puebla and Queretaro. * * * As reported in the Troubled Company Reporter-Latin America on Nov. 13, 2007, Moody's Investors Service has placed Maxcom Telecomunicaciones, S.A. de C.V.'s B3 corporate family rating under review for possible upgrade due to better operating results and credit metrics than originally expected by Moody's as well as the successful completion of the company's recent Initial Public Offering; net proceeds of US$242 million will be used to boost capital expenditures for the company's growth strategy, which involves expanding its network to offer wire line telephony, data and video services to the medium and low income residential segment as well as to small and medium sized enterprises. |
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