Novator spent USD 100 mln on Nextel Chile buy and rebrand

Wednesday 15 July 2015 | 14:20 CET | News
UK-based fund Novator has so far spent some USD 100 million to acquire Chilean mobile operator Nextel Chile and relaunch it as WOM, reports local daily El Mercurio, citing Novator founder Thor Bjorgolfsson. The investment fund initially targeted the Argentine market but ended up acquiring Nextel's Chile unit in January due to the potential of the country's mobile market and its high portability rates, said Bjorgolfsson.

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Categories: Mobile & Wireless
Companies: Nextel / WOM
Countries: Chile
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