Sunday, 24 September 2017

Grupo Clarin buys into Nextel Argentina for $178m

By Mary Lennighan, Total Telecom
Wednesday 16 September 15

NII Holdings brokers deal that will enable it to focus its attention on its Brazilian operations.

NII Holdings has announced the sale of a 49% stake in its Nextel Argentina operation to Grupo Clarin as part of a strategic alliance between the pair. The deal, worth US$178 million, also gives Clarin the option to purchase the remaining 51% of the mobile operator. Clarin is required to pay $159 million of the sum upfront and the balance within 30 days…

NII Holdings has announced the sale of a 49% stake in its Nextel Argentina operation to Grupo Clarin as part of a strategic alliance between the pair. The deal, worth US$178 million, also gives Clarin the option to purchase the remaining 51% of the mobile operator. Clarin is required to pay $159 million of the sum upfront and the balance within 30 days…

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