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America Movil acquires 100% of Brazil's Nextel for USD 905 mln

2019-03-18 11:57:00| Telecompaper Headlines

(Telecompaper) America Movil has announced an agreement to acquire 100 percent of Brazil's fifth largest mobile operator Nextel from NII Holdings and Access Industries Brazil Holdings for a total of USD 905 million on a cash- and debt-free basis. Under the terms of the deal, NII Holdings will receive 70 percent of the final net proceeds, with AI Brazil receiving 30 percent for the stake it acquired in June for around USD 70 million. 

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