OTC Markets Group Welcomes Maxcom Telecomunicaciones S.A.B. de C.V. to OTCQX®

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Nov 14, 2014, 07:00 ET

NEW YORK, Nov. 14, 2014 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced Maxcom Telecomunicaciones S.A.B. de C.V. (Mexican Stock Exchange: Maxcom CPO; OTCQX: MXMTY), an established facilities-based telecommunications provider in Mexico, has qualified to have its American Depositary Receipts (ADRs) trade on OTCQX®, the best marketplace. Maxcom's ADRs previously traded on the New York Stock Exchange ("NYSE").

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Maxcom begins trading today on OTCQX under the symbol "MXMTY," where each ADR represents seven ordinary shares. U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

"We are thrilled to welcome Maxcom to the growing family of established global companies on the OTCQX marketplace," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "Trading on OTCQX will allow Maxcom to provide its U.S. shareholders with an exchange-comparable trading and information experience without the high cost and duplicative reporting requirements of a U.S. stock exchange listing. We look forward to working with Maxcom's management team during this transition and wish the company continued success in the U.S. investment market."

Armando J. Rivero Laing, Chief Financial Officer of Maxcom commented, "I am very pleased that our ADRs are now trading on the OTCQX marketplace. Joining OTCQX will complement our presence on the Bolsa Mexicana de Valores, while facilitating and enhancing global trading in Maxcom's shares."

BNY Mellon serves as Maxcom's Principal American Liaison ("PAL") on OTCQX, responsible for providing professional guidance on OTCQX requirements.

Headquartered in Mexico City, Mexico, Maxcom 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.

About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates Open, Transparent and Connected financial marketplaces for 10,000 U.S. and global securities. Through our OTC Link® ATS, we directly link a diverse network of broker-dealers that provide liquidity and execution services for a wide spectrum of securities. We organize these securities into marketplaces to better inform investors of opportunities and risks – OTCQX®, The Best Marketplace; OTCQB®, The Venture Marketplace; and OTC Pink®, The Open Marketplace. Our data-driven platform enables investors to easily trade through the broker of their choice at the best possible price and empowers a broad range of companies to improve the quality and availability of information for their investors. To learn more about how we create better informed and more efficient financial marketplaces, visit www.otcmarkets.com.

OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and SEC regulated ATS.

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Media Contact:
Saskia Sidenfaden, OTC Markets Group Inc., +1 (212) 896-4428, [email protected]

SOURCE OTC Markets Group Inc.