Maxcom Telecomunicaciones, S.A.B. de C.V. Appoints a New Chief Executive Officer

MEXICO CITY, Oct. 31, 2013 /PRNewswire/ -- (NYSE: MXT, BMV: MAXCOM.CPO). Maxcom Telecomunicaciones, S.A.B. de C.V. ("Maxcom" or the "Company") announced today that its Board of Directors has appointed Mr. Enrique Ibarra Anaya as its new Chief Executive Officer.

Mr. Ibarra holds a degree in Civil Engineering from the Universidad Nacional Autonoma de Mexico (UNAM or National Autonomous University of Mexico) and Masters and Ph.D. degrees from Carnegie Mellon University.

During his professional career, Mr. Ibarra has served in high management positions in financial and telecommunication companies, such as Ixe Grupo Financiero and Pegaso PCS (Telefonica Movistar Mexico); companies where he served as Director of Systems and Telecommunications.

During the last 8 years, Mr. Ibarra was Chief Executive Officer of Bursatec, S.A. de C.V., a subsidiary of Grupo Bolsa Mexicana de Valores, as well as Deputy General Director of Technology of the Bolsa Mexicana de Valores, where he was in charge of the installation and operation of the new electronic trading system, known as MoNeT, that substantially increased the processing capabilities of the trading platform of the Mexican stock exchange, and which latency (speed) is similar to the best trading systems of the world.

Being the telecommunication sector very closely related with the information technology, in a world where the technology is constantly evolving and is a central element of competitiveness, the integration of Mr. Ibarra will be crucial to strengthen the technological evolution of Maxcom, allowing the Company to expand its business aiming at the highest levels of quality of service delivered to the client.

Maxcom reiterates its commitment to have a clear and close communication with all its investors.

About Maxcom

Maxcom Telecomunicaciones, S.A.B. de C.V., headquartered in Mexico City, Mexico, is a facilities-based telecommunications provider using a "smart-build" approach to deliver last-mile connectivity to micro, small and medium-sized businesses and residential customers in the Mexican territory. Maxcom launched commercial operations in May 1999 and is currently offering local, long distance, data, value-added, paid TV and IP-based services on a full basis in greater metropolitan Mexico City, Puebla, Tehuacan, San Luis, and Queretaro, and on a selected basis in several cities in Mexico. The information contained in this press release is the exclusive responsibility of Maxcom and has not been reviewed by the Mexican National Banking and Securities Commission (the "CNBV") or any other authority. The registration of the securities described in this press release before the National Registry of Securities (Registro Nacional de Valores) held by the CNBV, shall it be the case, does not imply a certification of the investment quality of the securities or of Maxcom's solvency. The trading of these securities by an investor will be made under such investor's own responsibility.

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SOURCE Maxcom Telecomunicaciones, S.A.B. de C.V.