DLA Piper advises Transtelco in its acquisition of Mexican telecommunications operator Maxcom

DLA Piper represented Transtelco Holdings, Inc. and its Mexican subsidiary, Transtelco Acquisition III, S. de R.L. de C.V., in its acquisition of Mexican telecommunications operator Maxcom Telecomunicaciones, S.A.B. de C.V. and in its tender offer to buy Maxcom’s outstanding notes.

Transtelco targeted Maxcom’s outstanding shares in an equity tender offer carried out through the Mexican Stock Exchange (Bolsa Mexicana de Valores, S.A.B. de C.V.). Concurrenty, Transtelco also launched a consent solicitation and offer to purchase Maxcom’s 8% senior secured notes due 2024.

The transaction adds Maxcom’s fiber optic network to Transtelco’s portfolio. Transtelco currently owns and operates a 24,000-kilometer fiber optic network throughout the US and Mexico.

The DLA Piper team representing Transtelco was led by partner Diego Martinez and included associates Adolfo Obregón and Jaime Ancer (all of Mexico City).

With more than 1,000 corporate lawyers globally, DLA Piper helps clients execute complex cross-border transactions seamlessly while supporting clients across all stages of development. The firm has been rated number one in global M&A volume for 11 consecutive years, according to Mergermarket.