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Series “A” Shares
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The ordinary, nominative, without par value, series “A” shares, representative of the shareholders’ equity of Maxcom Telecomunicaciones, S.A.B. C.V.
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ADRs
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American Depositary Receipts Level I, representing 7 (seven) CPOs each one, currently traded at the OTC market of NY.
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ADSL
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Asymmetric Digital Subscriber Line, which supplies bandwidth of up to 8 Mbps for downloading information and up to 1 Mbps for uploads.
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ARPU
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Average Revenue Per Unit of telecommunications services.
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Bandwidth
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The relative range of analog frequencies or digital signals that can be passed through a transmission medium, such as optical fiber, without distortion.
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Backbone
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The main connectivity axis of a telecommunications network, a connection hub for different communication networks located in different cities and countries.
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Bill & Keep
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A liquidation payment procedure for interconnection charges, whereby each telephony provider tracks & bills its customer base for any traffic originated on its network, but ended at another network provider; retaining all revenues generated from it.
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BMV
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Bolsa Mexicana de Valores, S.A.B. de C.V.; Mexican Stock Exchange.
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Capacity
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Refers to the ability to transmit voice or data over a telecommunication network.
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CETES
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“Certificados de la Tesorería de la Federación”.
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Circular Única
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The general provisions applicable to all securities issuers, published in the Diario Oficial de la Federación on March 19th, 2003.
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Client Disconnection Rate
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Customer line attrition, measured as the percentage of disconnects from service relative to the total subscriber base over a given period of time, also known as “Churn”.
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CNBV
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“Comisión Nacional Bancaria y de Valores”, Mexican banking watchdog, similar to the SEC, in the United States.
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COFETEL
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“Comisión Federal de Telecomunicaciones”, a Mexican telecommunications watchdog. In 2013, it was replaced by the IFT, “Instituto Federal de Telecommunications.”
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CPE
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Customer Premises Equipment, the equipment that is physically located with the clients.
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CPOs
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Ordinary Participation Certificates, not amortizable, and each one representative of 3 (three) series “A” shares; issued by the trustee under the trust contract agreement.
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CPOs Inception Act
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The act, dated October 18th, 2007, in which the issuance of CPOs is stated. |
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CPOs Trust
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Trust No 80256 held on October 17th, 2007, between the Company, as a Trustor, and Nafin (“Nacional Financiera”, a Mexican Development Banking Institution), as a Trustee. |
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Disconnection
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The migration of residential or commercial customers to other operators. |
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Digital
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A method for storing, processing and transmitting information through the use of distinct electronic or optical pulses that represent the binary digits 0 and 1.
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Double play services, or double play
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Bundle of voice and data services. |
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DSL
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Digital Subscriber Line.
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DSLAM
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Digital Subscriber Line Access Multiplexer. A technology that concentrates traffic in ADSL implementations.
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E1
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A digital telephony format that carries data at a speed of 2.048 Mbps (DS-1 level)
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Emisnet
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“Sistema Electrónico de Envío y Difusión de Información” of the BMV.
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Fixed wireless local loop
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A wireless local telephony service using a 3.4-3.7 GHz frequency band
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FTTH
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Fiber to the Home, reference to an all fiber-optic telephone network design, where broadband services are delivered by fiber optic cable.
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Gbps
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Means Gigabits per second. A measurement of speed for digital signal transmission expressed in billions of bits per second (Gbps).
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Hertz
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The unit measuring the frequency with which an alternating electromagnetic signal cycles / alternates through a zero value state, between the lowest and highest states.
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IFT
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“Instituto Federal de Telecomunicaciones”.
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IMCP
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“Instituto Mexicano de Contadores Públicos, A.C.”.
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Indeval
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“S.D. Indeval, Institución para el Depósito de Valores”, institution for securities custody.
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INEGI
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“Instituto Nacional de Estadística y Geografía”.
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Internet
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The worldwide network of information services, through which servers and protocols connects computers and other smart devices.
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Internet Protocol (IP)
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Protocol not oriented to connections. Used by its originator and final destination, through a switched network.
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Kbps
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Kilobits per second, a measurement of speed for digital signal transmission expressed in thousands of bits per second.
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LAN
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Local Area Network, a private data communications network linking a variety of data devices.
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LMV
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“Ley del Mercado de Valores”, i.e. Mexican stock market Law.
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Maxcom or “Company”
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Maxcom Telecomunicaciones, S.A.B. de C.V.
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Mbps
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Mega Bits per second, a measurement of speed for digital signal transmission expressed in millions of bits per second (Mbps).
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Mexico
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Estados Unidos Mexicanos.
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Microwave Technology
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Although limited in capacity compared with fiber optic systems, digital microwave systems offer an effective and reliable means of transmitting voice, data and video signals in a lower volume and bandwidth.
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Multiline search
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A value-added service that allows one to receive multiple calls on a single telephone line.
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MVNO
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Mobile Virtual Network Operator. A MVNO provides mobile services to its customers without having a distribution spectrum. |
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NIF
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“Normas de Información Financiera” (Financial Reporting Standards) issued by the Consejo Mexicano para la Investigación y Desarrollo de Normas de Información Financiera, A.C. (CINIF).
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NIIF
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“Normas Internacionales de Información Financiera”; English acronym IFRS (International Financial Reporting Standards).
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Optical Fiber Technology
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Fiber-optic systems that utilize light generated by lasers to transmit voice, data and video into a digital format, through the use of ultra-thin glass fibers.
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Packet Cable
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Link Protocol between hybrid coaxial fiber nertworks, switched public telephone networks, and IP networks. |
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PCS
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Personal Communications Services. PCS has come to represent two things: (a) a digital wireless communications service operating over the 1.9 GHz band; and (b) more generically, a wireless communications service utilizing a digital network that offers typical features such as voice, video and data.
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Point-to-point Microwave Transmission
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A transmission using microwave technology, by which a signal goes from one point to another, usually connected by a dedicated transmission line. |
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POTS
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Plain Old Telephone Services. The basic service supplying standard single-line telephones, telephone lines and access to the public switched network. |
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Ps, Peso or Pesos
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Mexican legal currency.
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PYMES
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“Pequeñas y medianas empresas” (Small and Medium sized Enterprises, SMEs) in Mexico.
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Quadruple play services, or quadruple play
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Bundle of voice, data, video and mobile services.
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RDSI
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“Red Digital de Servicios Integrados” (ISDN - Integrated Services Digital Network) is an international standard that provides digital end-to-end connectivity to support a wide range of voice, data and video services.
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Regulatory Convergence
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Convergence agreements between local fixed telephony services, TV and / or restricted audio.
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Revenue Generating Unit (RGU)
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An individual service subscriber who generates recurring revenue for Maxcom.
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RNV
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“Registro Nacional de Valores”.
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SCT
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“Secretaría de Comunicaciones y Transportes” (Ministry of Communications and Transport), in Mexico. |
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Switch
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A device that opens or closes circuits or selects the paths or circuits to be used for transmission of information. |
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Teledensity
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A measure of telephony service in a population, calculated by dividing the total subscriber base (number of lines in service) by the number of inhabitants, and then multiplying by 100.
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TIIE
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“Tasa de Interés Interbancaria de Equilibrio” (Interbank Rate).
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Triple play services, or triple play
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Bundle of voice, data and video services.
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Trustee or “Nafin”
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Nacional Financiera, S.N.C., which acts as trustee of the CPOs Trust through its Trustee Department. |
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United States
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United States of America.
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US$, Dollar or Dollars
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Legal currency of the United States of America.
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VOD
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Video On Demand.
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VoIP
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Voice over Internet Protocol, or voice over IP, are technologies used to carry normal telephony-style voice over the internet with an Internet Protocol (IP).
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VPN
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Virtual Private Network. A network design offering the appearance and functionality of a dedicated private network. |
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xDSL
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A physical-layer protocol that supports bandwidth both downstream and upstream. |
