América Móvil announced today that it has completed its previouslyannounced acquisition of 100% of Nextel Telecomunicações Ltda. and its subsidiaries (“Nextel Brazil”) from NII Holdings, Inc. and certain of its affiliates (“NII”) and AI Brazil Holdings B.V.
The purchase price paid for Nextel Brazil was US$905 million on a cash free / debt free basis. Nextel Brazil provides nationwide mobile telecommunications services. With this transaction, AMX consolidates it’s operations as one of the leading telecommunication service providers in Brazil, strengthening its mobile network capacity, spectrum portfolio, subscriber base, coverage and quality, particularly in the cities of São Paulo and Rio de Janeiro, the main markets in Brazil.
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