Maxcom Telecomunicaciones SAB said that it is considering operational and financial alternatives, including a chapter 11 filing, after a takeover deal with Ventura Capital Privado SA collapsed, Bloomberg News reported yesterday. The Mexican phone company said yesterday that only 61.93 percent of old notes were tendered in a bond exchange, not enough to complete a swap, which was a requirement for an equity offer from Ventura Capital. "In light of this outcome, Maxcom is considering all of its alternatives including, but not limited to, commencement of a chapter 11 case or other restructuring proceeding," the company said. The Mexico City-based operator did not provide a timeframe for the options under study.
