A bankruptcy judge yesterday cleared Mexican phone company Maxcom Telecomunicaciones S.A.B. to exit chapter 11 protection under the control of a group of investors led by private-equity firm Ventura Capital Privado S.A., Dow Jones Daily Bankruptcy Review reported today. Bankruptcy Judge Peter Walsh signed off on the company's prepackaged chapter 11 restructuring plan, which Maxcom filed when it sought bankruptcy protection in late July. Under the restructuring plan, the Ventura-led investors will pump $45 million into the company through an equity tender offer for up to 100 percent of the reorganized company's shares.
