Mexican telecommunications company Maxcom files for bankruptcy in U.S.

MEXICO : Maxcom Telecomunicaciones SAB , a Mexican telecommunications company, filed for U.S. bankruptcy protection on Monday, to enable it to restructure its debt.

The company and its Maxcom USA affiliate filed for protection from creditors under Chapter 11 of the U.S. Bankruptcy Code in White Plains, New York, with between $100 million and $500 million in both assets and liabilities.

Maxcom said it provides voice and data services to residential, small business and medium-sized business customers in markets it believed were underserved by Telefonos de Mexico SAB, a unit of billionaire Carlos Slim’s America Movil SAB, and other rivals.