0
Wireless

Nextel Brasil up for sale for USD 300 million - report

Monday 25 January 2016 | 11:28 CET | News
Nextel Brasil is up for sale for USD 300 million, but the buyer will also have to assume debt of USD 600 million, reports Folha de Sao Paulo. Unnamed sources told the daily that Claro, TIM and foreign investment funds are evaluating the financial information provided by Nextel. The CEO of Nextel Brasil, Francisco Valim denied the company is being sold, claiming that the operators are only examining information in order to share infrastructure. According to the same sources, NII Holdings, which controls Nextel Brasil, would like to sell the operator to AT&T, although the latter has said it is

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Categories: Mobile & Wireless
Companies: Claro Brasil / Nextel / Nextel Brasil / TIM Brasil
Countries: Brazil
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Nextel Brazil banks agree to waive covenants til June

Published 01 Mar 2017 16:46 CET | Brazil
Nextel Brazil has entered into amendments to its credit agreements with Banco do Brazil and Caixa Economica Federal. ...

Nextel Brasil loses 121,000 subscribers in Q4

Published 04 Mar 2016 11:54 CET | Brazil
NII Holdings, the owner of mobile operator Nextel Brasil, reported net subscriber losses of 121,000 in the fourth quarter, but ...

Clarin enters Argentina mobile market with Nextel buy

Published 28 Jan 2016 16:48 CET | Argentina
NII Holdings has confirmed the sale of the remaining 51 percent stake in Nextel Argentina to Cablevision, a subsidiary of media ...

Nextel claims highest postpaid growth in Brazil

Published 08 Dec 2015 15:23 CET | Brazil
Nextel grew the most in the post-paid mobile market in October in Brazil, the company said citing figures published by the ...

Nextel adds 27,000 subscribers in Q3 to reach 4.5 mln

Published 05 Nov 2015 16:25 CET | Latin America
NII Holdings, which operates under the Nextel brand in Latin America, reported 27,000 net subscriber additions for the third ...

NII Holdings seeks alternatives for Nextel Brasil – report

Published 09 Oct 2015 21:30 CET | Brazil
NII Holdings, the parent company of mobile telephony operator Nextel, is exploring strategic alternatives for its business in ...

NII Holdings emerges from bankruptcy

Published 29 Jun 2015 09:10 CET | Latin America
Latin American mobile operator NII Holdings has announced that it has emerged from Chapter 11 reorganisation proceedings after ...





Calendar   /   Industry Events

18 Oct Apple Event
19 Oct A1 Telekom Austria Q3 2021
19 Oct Tele2 Q3 2021
19 Oct Netflix Q3 2021
19 Oct Iridium Q3 2021
19 Oct Arm DevSummit
19 Oct Pixel Fall Launch
19 Oct Arm DevSummit
20 Oct Crown Castle Q3
20 Oct Verizon Q3 2021
20 Oct Elisa Q3 results
20 Oct Bango strategy day
20 Oct Samsung Unpacked Part 2
21 Oct AT&T Q3 2021
21 Oct Orange Belgium Q3 2021
21 Oct Telenor Q3 2021
21 Oct Intel Q3
21 Oct Telia Q3 results
21 Oct Snap Q3
22 Oct Doro Q3 results
22 Oct Ericsson Q3 2021
::: More Calendar Items