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Ice Group sells Nextel stake, to de-merge international ops to concentrate on Scandinavia

2018-06-01 13:08:00| Telecompaper Headlines

(Telecompaper) Ice Group said it has accepted an offer to sell its 30 percent ownership share in Nextel Holdings for USD 70 million to AI Media Holdings (Access Industries) and plans to de-merge its international businesses in favour of a more focused approach to its future operations. After the de-merger, Ice Group proposes for all AINMT Holdings shareholders to convert their shares to the N:OTC-listed Ice Group AS vehicle, which will own 100 percent of the Scandinavian businesses after the restructuring.

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