Maxcom Telecomunicaciones S.A.B. de C.V. (OTCPK:MXMT.Y) signed a purchase offer to sell assets of telecommunication business for $7.5 million on September 30, 2015. The sales agreement was signed on October 26, 2015. Under the terms of the transaction, an advance of $4 million on September 30, 2015 was made, payment of $3 million was made upon the signature of the sales agreement and within 30 days after the acquisition date, the amount of $0.56 million was paid. The sale is subject to presentation of correspondent notice and regulatory approvals. The transaction will have a favorable marginal impact in the fourth quarter of 2015.

Maxcom Telecomunicaciones S.A.B. de C.V. (OTCPK:MXMT.Y) completed the sale of assets of telecommunication business on November 4, 2015.