Megacable, Maxcom sign $12.9m deal

By:
Jason McGee-Abe
Published on:

Maxcom will no longer provide voice, data and video services in the cities of Queretaro, Tehuacan, and Puebla, but reaches $12.9m deal with Megacable to maintain services

Mexican operator Maxcom made the announcement in a statement to the Mexican Stock Exchange but Megacable will pay $12.9 million to maintain the telecommunication services to Maxcom's residential customers in the three cities.

The agreement was signed “to ensure continuity in the supply of a utility of public interest such as telecommunications services, and to ensure that the customers continue receiving the services that were previously agreed with Maxcom,” stated a company announcement.

“This transaction represents an important step in the implementation of the strategic plan, whose main focus is to expand the presence of the company in the commercial business.” GTB