NII Holdings will not sell Nextel Brasil – report

Wednesday 17 September 2014 | 12:31 CET | News
NII Holdings, which owns the Nextel brand in Latin America, will hold on to its Brazilian unit even after filing for Chapter 11 in the US, reports Reuters. To promote a change in Brazil, the operator is relying on regulations and new spectrum coming available. Due to its small market share, these can provide it with competitive advantages unavailable to large rivals. These advantages would disappear if Nextel Brasil merges with a larger operator, one of the reasons why negotiations on an acquisition never materialized, despite a wave of consolidation in the Brazilian market, according to two

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.


Already registered?

Categories: Mobile & Wireless
Companies: Nextel
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.


US court approves NII Holdings' bankruptcy plan

Published 22 Jun 2015 09:06 CET | Latin America
Latin American mobile operator NII Holdings has announced that the US Bankruptcy Court for the Southern District of New York has ...

NII Holdings mulling Nextel Argentina sale - report

Published 08 Jun 2015 14:24 CET | Argentina
NII Holdings, which operates under the Nextel brand in Latin America, is in talks to sell its Argentine unit to concentrate on ...

Nextel Brasil up for sale, could offer 4G - report

Published 20 Oct 2014 09:14 CET | Brazil
Nextel Brasil is facing financial difficulties and is up for sale, reports Folha de Sao Paulo. Nextel has denied that it is up ...

Nextel de Mexico affirms commitment to customers

Published 17 Sep 2014 15:06 CET | Mexico
Nextel de Mexico has issued a statement reaffirming its long-term commitment to users, by providing high-quality mobile services. ...

NII Holdings files for chapter 11

Published 16 Sep 2014 07:42 CET | Latin America
NII Holdings has filed for chapter 11 protection from creditors in the US. Signaled last month already as an option, the chapter ...

NII Holdings obtains USD 29.1 mln for Nextel Chile

Published 21 Aug 2014 19:56 CET | Chile
NII Holdings reported that it obtained USD 29.1 million for the sale of its Chilean unit Nextel Chile, Telesemana reports, citing ...

Media investors may buy Nextel Argentina before end-October

Published 20 Aug 2014 14:51 CET | Argentina
Argentine businessmen Matias Garfunkel and Sergio Szpolski, who have close ties with the local government and own media group ...