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US court approves NII Holdings' bankruptcy plan

Monday 22 June 2015 | 09:06 CET | News
Latin American mobile operator NII Holdings has announced that the US Bankruptcy Court for the Southern District of New York has approved its USD 4.35 billion plan to exit Chapter 11 bankruptcy. NII Holdings, which operates under the Nextel brand in Latin America, said the plan had the broad support of all classes of creditors of the company and its subsidiaries, and is expected to become effective as soon as practicable subject to certain conditions. It added that the plan serves to strengthen its balance sheet by restructuring USD 4.35 billion in senior unsecured notes issued by

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Categories: Mobile & Wireless
Companies: Nextel / NII Holdings
Countries: Latin America / United States
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