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Clarin enters Argentina mobile market with Nextel buy

Thursday 28 January 2016 | 16:48 CET | News
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NII Holdings has confirmed the sale of the remaining 51 percent stake in Nextel Argentina to Cablevision, a subsidiary of media conglomerate Clarin. The sale gives Cablevision 100 percent ownership of Nextel following its acquisition of a 49 percent stake in the operator last September for USD 178 million. Clarin's move into the Argentine mobile market was initially blocked by telecommunications regulator AFTIC in a decision that was widely seen as politically motivated in view of the longstanding dispute between the media group and outgoing president Cristina Fernandez de Kirchner. NII

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Categories: Mobile & Wireless
Companies: Cablevision / Clarin / Nextel Argentina
Countries: Argentina
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