Maxcom Telecomunicaciones, S.A.B.

de C.V.

Quarterly Conference Call

February 24th, 2015

2

1. Progress and perspectives of the transformation process

• 2014 progress

• 2015 perspectives

2. Presentation of 4Q14 results

3. Guidance 2015

4. Questions and answers

Agenda

1. Progress and perspectives of the transformation process

2014 Progress

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Maxcom 2014

The turnaround process has proven to be more challenging, due to the fact the

company was in worst shape than previously diagnosed.

We have introduced several iniciatives on Human Capital formation and

development. Moreover, we have restructured the executive and mid-

management team.

We have finished the design to revitalize the transimision and data networks.

The implementation itself is close to being finalized.

We have defined a new product and service portfolio for the Retail business in

order to reposition Maxcom; this portfolio is intended to satisfy our customers’

needs.

Maxcom continues to sustain a firm financial position that allows it to focus on

its transformation process.

Evaluation of the transformation initiatives during 2014

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Maxcom 2014

The mentioned initiatives are a sample of actions executed during 2014 that

allows us to begin 2015 with a much more solid position.

Evaluation of the transformation initiatives during 2014

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1. Progress and perspectives of the transformation process

2015 Perspectives

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During 2015 our efforts will be focussed on 4 well identified iniciatives under a

favorable regulatory environment.

Maxcom 2015

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Commercial Retail Carriers

Network, Systems and Processes

Favorable Regulatory Environment

Focus of efforts during 2015

Increased Competitiveness

We have signed agreements with the Predominant operator to use its last mile

links and its pasive infrastructure; this will enable us to expand our coverage

with Commercial customers.

We are in the final stage of defining the regulatory framework to unbundle the

local loop of the Predominant operator, this will allow us to expand our

coverage for the Retail business.

The regulatory measures are enabling us to negotiate MVNO rates that imply

approximately a 50% saving over the current rates.

Maxcom 2015

Regulatory environment

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Network Improvements

We acquired 3 new generation Class 5 telephone exchanges to strengthen and

expand our voice services. These will be operational by April 2015.

We substantially improved the electronics of our metropolitan fiber optic

network. And by 1Q15 we will have implemented the improvements in one of

our long distance fiber routes, as well as in the data core.

We have strengthened our monitoring capabilities and are making substantial

improvements to our NOC in order to predictively and preventively manage ournetwork and services.

Maxcom 2015

Network, Systems and Processes

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Implementation of Systems and Improvement of Processes

The operation support systems and processes will be totally operative by

3Q15, including the BSS (SAP) and the OSS (Netcracker).

We have refocused the customer service systems in order to improve customer

experience.

We have redesigned the commercial processes in order to optimize “time tomarket”. The first phase will be ready in 1Q15 and the second in 3Q15.

Maxcom 2015

Network, Systems and Processes

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Churn Rate Reduction

We have an effective sales team in terms of customer acquisition. However, we

must reduce the voluntary disconnection rate.

To achieve the above we are working on correcting the 3 main idenfied causes

for churn: service flaws, billing flaws and deficient customer service.

We have, and will continue, to improve credit policies in order to increase the

quality of customers and, therefore, help reduce the involuntary disconnection

rate.

We have began to observe an improvement in the root causes of churn whichshould lead to churn reduction in the future.

Maxcom 2015

Retail

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Introduction of Higher Profitability Products

We have stopped selling low value products, improving the ARPC of new

acquisitions.

We are Up-selling and Cross-selling products to about 35% of the customer

base.

We restructured our sales team, which helped increase its productivity.

We will launch OTT products in 2Q15, which will strengthen our Retail portfolio

and allow us to sell beyond our coverage area.

Maxcom 2015

Retail

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Specialization per Segment and Increased Coverage

We have specialized the work teams, products and operations at the segment

level (midsize, corporate and government).

There has been a substantial improvement in our access capilarity through

agreements with other operators, including the Predominant operator.

During 1Q15 we will launch new products that enable us to have a more

competitive portfolio, which is in accordance to the industry, for example,

MPLS, Clean Pipe, Carrier Ethernet, and hosted IP-PBX.

Maxcom 2015

Commercial

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Infrastructure Monetization

The modernization of our 7,255 km of fiber will enable Maxcom to possition

itself as a top player for high capacity data transport services.

We have an evident and unique opportunity for monetizing our transport

infrastructure due to the continuous increase in demand.

Derived from the lower number of players in the industry due to mergers and

acquisitions, customers will look for a healthy diversification of data transport

providers, resulting in sales opportunities for Maxcom.

Maxcom 2015

Carriers

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2. Presentation of 4Q14 results

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3. Guidance 2015

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Maxcom 2015

Guidance 2015

Items $ Million pesos

Revenues 2,700

EBITDA 620

Cash(Dec 31, 2015) 850

CAPEX (million USD) 50

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4. Q&A Session

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