* Maxcom, investors working on a bankruptcy plan in U.S.
* Investors also looking to buy Maxcom
* Company fails to pay about $11 million in interest
MEXICO CITY, June 18 Mexican telecommunications
company Maxcom said on Tuesday that it was seeking
to negotiate new capital and a restructuring through a so-called
prepackaged bankruptcy process in U.S. courts.
The company, which provides phone, Internet and television
services, said it was working on the bankruptcy plan with some
of its creditors, shareholders and private equity firm Ventura
Ventura, the creditors and shareholders are also working on
a public bid to buy Maxcom, the company said.
Separately, Maxcom said it had failed to pay about $11
million in interest due Monday on notes expiring in 2014.
Small phone companies in Mexico have struggled to compete
with billionaire businessman Carlos Slim's America Movil
, which has about 70 percent of Mexican mobile lines
and about 80 percent of the country's fixed lines.
Mexico's government recently approved reforms to the telecom
sector designed to increase competition.