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AINMT buys 30% of Nextel Brazil, may raise it to 60%

Tuesday 6 June 2017 | 12:11 CET | News
AINMT Holdings said it has reached an agreement with NII Holdings under which AINMT will buy 30 percent of Nextel Brazil for USD 50 million. It would fund this by issuing USD 50-75 million in new shares, underwritten at NOK 110 each by existing shareholders including Access Industries. AINMT will have the option to invest another USD 150 million in Nextel Brazil by 15 November to raise its stake to 60 percent.

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Categories: Mobile & Wireless
Companies: Access Industries / Ice.net / Nextel / NII Holdings
Countries: Brazil
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