Friday, 23 June 2017

NII Holdings enters Chapter 11

By Nick Wood, Total Telecom
Tuesday 16 September 14

LatAm-focused telco hopeful that stakeholder talks will lead to debt restructuring plan.

As expected, NII Holdings late on Monday filed for Chapter 11 bankruptcy protection after failing to stem customer losses amid its multi-billion dollar transition from its legacy iDEN infrastructure. The U.S.-based telco, which offers mobile services in Argentina, Brazil and Mexico under the Nextel brand, warned in August that it would need to restructure its debt in order to continue operating…

As expected, NII Holdings late on Monday filed for Chapter 11 bankruptcy protection after failing to stem customer losses amid its multi-billion dollar transition from its legacy iDEN infrastructure. The U.S.-based telco, which offers mobile services in Argentina, Brazil and Mexico under the Nextel brand, warned in August that it would need to restructure its debt in order to continue operating…

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