Alestra fails to make coupon payment within grace period

New York, Dec. 17 - Alestra, S de RL de CV said it failed to make the interest payment due Nov. 15 on its senior notes within the 30-day grace period.

The San Pedro Garza Garcia, Mexico telecommunications company added that it intends to approach noteholders with a debt restructuring plan but the registration statement it filed with the Securities and Exchange Commission covering the proposed debt exchange and cash tender offer has not yet become effective.

Alestra added that it is currently preparing the second amendment to the registration statement.

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