Obbligazioni societarie NII Capital US67021BAD10 - US67021BAE92 - USL67466AA71
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NII Announces Strategic Alliance With Grupo Clarin In Argentina
- Grupo Clarin purchases a 49% equity interest in Nextel Argentina and an option to acquire the remaining 51% pending regulatory approvals
- Total consideration for the transaction is $178 million
RESTON, Va., Sept. 14, 2015 /PRNewswire/ -- NII Holdings, Inc. (NASDAQ: NIHD) today announced a strategic alliance with Grupo Clarin in Argentina. In connection with the transaction, Grupo Clarin acquired a 49% equity interest in Nextel Argentina and an option to acquire the remaining 51% equity interest in Nextel Argentina upon receipt of approvals from the regulatory authorities in Argentina for total consideration of $178 million, of which $159 million was paid up front -- with the remaining amount due within 30 days. The net proceeds received from the transaction will be used to provide additional liquidity to support NII's operations in Brazil.
"The transaction with Grupo Clarin creates a promising path for the future of Nextel Argentina and its employees to compete effectively in the mobile market in Argentina," said Steve Shindler, NII's chief executive officer. "At the same time, it is consistent with our strategy to concentrate our resources on our operations in Brazil and provides incremental capital to improve our liquidity to support our business there."
Nextel Argentina will continue to be controlled and operated by NII pending the receipt of the necessary regulatory approvals.
NII Holdings was advised by Jones Day as legal advisor.
- Grupo Clarin purchases a 49% equity interest in Nextel Argentina and an option to acquire the remaining 51% pending regulatory approvals
- Total consideration for the transaction is $178 million
RESTON, Va., Sept. 14, 2015 /PRNewswire/ -- NII Holdings, Inc. (NASDAQ: NIHD) today announced a strategic alliance with Grupo Clarin in Argentina. In connection with the transaction, Grupo Clarin acquired a 49% equity interest in Nextel Argentina and an option to acquire the remaining 51% equity interest in Nextel Argentina upon receipt of approvals from the regulatory authorities in Argentina for total consideration of $178 million, of which $159 million was paid up front -- with the remaining amount due within 30 days. The net proceeds received from the transaction will be used to provide additional liquidity to support NII's operations in Brazil.
"The transaction with Grupo Clarin creates a promising path for the future of Nextel Argentina and its employees to compete effectively in the mobile market in Argentina," said Steve Shindler, NII's chief executive officer. "At the same time, it is consistent with our strategy to concentrate our resources on our operations in Brazil and provides incremental capital to improve our liquidity to support our business there."
Nextel Argentina will continue to be controlled and operated by NII pending the receipt of the necessary regulatory approvals.
NII Holdings was advised by Jones Day as legal advisor.
NII Holdings Announces Completion of Sale of Nextel Argentina
RESTON, Va., Jan. 28, 2016 /PRNewswire/ -- NII Holdings, Inc. (NASDAQ: NIHD) today announced it has completed the previously announced sale of its Argentine operations transferring the remaining 51% of its ownership interest to subsidiaries of Grupo Clarin. In connection with the sale, NII previously received $178 million of aggregate net proceeds, including $6 million of cash placed in escrow to secure specified indemnity obligations.
"This transaction is consistent with our strategy to concentrate our resources on our operations in Brazil and improve our liquidity position," said Steve Shindler, NII's chief executive officer. "We are proud of the success that our team in Argentina has achieved as a part of our company for the past 18 years, and we are grateful to all of our employees there for their dedication and service."
RESTON, Va., Jan. 28, 2016 /PRNewswire/ -- NII Holdings, Inc. (NASDAQ: NIHD) today announced it has completed the previously announced sale of its Argentine operations transferring the remaining 51% of its ownership interest to subsidiaries of Grupo Clarin. In connection with the sale, NII previously received $178 million of aggregate net proceeds, including $6 million of cash placed in escrow to secure specified indemnity obligations.
"This transaction is consistent with our strategy to concentrate our resources on our operations in Brazil and improve our liquidity position," said Steve Shindler, NII's chief executive officer. "We are proud of the success that our team in Argentina has achieved as a part of our company for the past 18 years, and we are grateful to all of our employees there for their dedication and service."
NII Holdings Announces 2015 Fourth Quarter And Year-End Results
Press Release | Investor Relations | NII
Press Release | Investor Relations | NII
