MEXICO CITY, Dec. 9 /PRNewswire-FirstCall/ -- Maxcom Telecomunicaciones, S.A.B. de C.V. ("Maxcom" or "The Company") (NYSE: MXT; BMV: MAXCOMCPO.MX), one of the leading integrated telecommunications companies in Mexico, announced that the formation of its new Board of Directors and Audit Committee was approved in the ordinary shareholders meeting held this past Friday, December 5. The newly formed Board of Directors is composed of the following directors and alternate directors: Directors Alternate Directors Eduardo Vazquez Arroyo C. Jesus Gustavo Martinez Chavez Director and Chairman of the Board Adrian Aguirre Gomez Maria Guadalupe Aguirre Gomez Director and Vice Chairman of the Board Gabriel Vazquez Arroyo C. Efrain Ruvalcaba Perez Jacques Gliksberg Marco Viola Lauro A. Gonzalez Moreno Vacant Independent Marco Provencio Munoz Vacant Independent Rodrigo Guerra Botello Vacant Independent Lorenzo Barrera Segovia Vacant Independent Juan Jaime Petersen Farah Vacant Independent Jorge Garcia Segovia Vacant Independent Gonzalo Alarcon Iturbide Christian Casserau Amerena Secretary Alternate Secretary The Company's Audit Committee is composed of the following members: Members Marco Provencio Munoz President Lauro A. Gonzalez Moreno Jorge Garcia Segovia Lorenzo Barrera Segovia Gonzalo Alarcon Iturbide Secretary Christian Casserau Amerena Secretary Alternate Set forth below are the name, position and description of the business experience of each of our directors who did not previously serve on our Board of Directors. Lorenzo Barrera Segovia. Mr. Barrera is Managing Director, Principal Partner and Member of the Board of Directors for Base Internacional Casa de Bolsa, S.A. de C.V, a company that is in the business of Foreign Exchange, Money Market, and Investment Funds and serves as a Financial Adviser. Base Internacional has an authorization from the Ministry of Finance, from the Comision Nacional Bancaria y de Valores, Banco de Mexico, and is an EXIM Bank lender. Additionally, the Company is rated by Standard & Poors and Fitch Ratings and audited by Deloitte & Touche. In addition, Mr. Barrera is a member of Young Presidents Organization de Monterrey, Partner and member of the Board of Directors of Desarrollo Inmobiliario de "El Seminario, S.A. de C.V.", Fraccionamiento Campestre Sierra Madre, S.A. de C.V., Casino Monterrey, A.C., Instituto de Atencion Integral al Discapacitado Retos, ABP, American Chamber Mexico Monterrey Chapter and The Chamber of Commerce of Canada in Monterrey. Prior to this, Mr. Barrera served as Chairman of the Board of Base Capital, S.A. de C.V. and as Managing Director, Principal Partner and member of the Board of Directors of Base Internacional Casa de Cambio, S.A. de C.V. Mr. Barrera was also Sub-Director of Fund Administration and Conciliation for foreign banks and held several positions at Banpais, S.A. Mr. Barrera holds an accounting degree from the Instituto Tecnologico y de Estudios Superiores de Monterrey and a master's degree in finance from the same University. Jorge Garcia Segovia. Mr. Garcia is currently member of the Board of Directors of CEMEX, S.A.B. de C.V., Compania Minera Autlan, S.A.B. de C.V., Compania Industrial de Parras, S.A.B. de C.V., Hoteles City Express, S.A de C.V., Ameq de Mexico, S.A. de C.V., and Koviva, S.A. de C.V., Casino Monterrey, A.C., and of the State Council of Flora and Fauna of Nuevo Leon, A.C. In addition, Mr. Garcia was Investment Advisor for Vector Casa de Bolsa, held various positions within Banca Serfin, S.A. de C.V., Director of Northern Operations for Operadora de Bolsa, S.A. de C.V., Investment Advisor for Casa de Bolsa Interamericana, S.A. de C.V. and Project Analyst for Companias Cuauhtemoc, S.A. de C.V. Mr. Garcia is a Biochemical Engineer and obtained a diploma in the finance program from the Instituto Tecnologico y de Estudios Superiores de Monterrey. Mr. Garcia is also a certified financial adviser. Juan Jaime Petersen Farah. Mr. Petersen is Founding Partner of Geltung Asesores, a Mexican firm that supports its clients in strategic planning and in the search for capital to grow existing businesses by issuing debt and private equity. In addition, Mr. Petersen is a member of the Board of Directors of Convertidora Industrial, S.A. de C.V., Consorcio Terrenos, S.A. de C.V., and Chairman of the Board for Minsa, S.A. de C.V. and Almer, S.A. de C.V. Prior to this, Mr. Petersen was also a member of the Board of Directors of Motor Coach Industries, Inc., Pacific Star, Inc. in which he also served as adviser in the sale of that business and for Tequila Herradura, S.A. de C.V. in which he worked in the Company's share buyback of the Company to Grupo Osborne and the sale of assets, among other activities. In addition, Mr. Petersen was Managing Director of Blockbuster Video Mexico, S.A. de C.V., Advisor for American Breco, Inc. and Director of Finance for Grupo Sidek, S.A. de C.V. Mr. Petersen has a degree in economics from the University of Guadalajara. 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, CATV and IP-based services on a full basis in greater metropolitan Mexico City, Puebla, Tehuacan, San Luis, Queretaro and Toluca, and on a select basis in several cities in Mexico. The information contained in this press release is the exclusive responsibility of MAXCOM Telecomunicaciones, S.A.B. de C.V. and has not been reviewed by the Mexican National Banking and Securities Commission (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. For more information contact: Juan-Carlos Sotomayor Mexico City, Mexico (52 55) 1163 1104 This document may include forward-looking statements that involve risks and uncertainties that are detailed from time to time in the U.S. Securities and Exchange Commission filings of the Company. Words such as "estimate," "project," "plan," "believe," "expect," "anticipate," "intend," and similar expressions may identify such forward-looking statements. The Company wants to caution readers that any forward-looking statements in this document or made by the company's management involves risks and uncertainties that may change based on various important factors not under the Company's control. These forward-looking statements represent the Company's judgment as of the date of this document. The Company disclaims, however, any intent or obligation to update these forward-looking statements. DATASOURCE: Maxcom Telecomunicaciones, S.A.B. de C.V. CONTACT: Juan-Carlos Sotomayor, +011-52-55-1163-1104, Web site: http://www.maxcom.com/

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