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$14.65 0.4  3.0%

Last Trade - 07/05/21

Sector
Telecoms
Size
Large Cap
Market Cap £34.78bn
Enterprise Value £59.35bn
Revenue £36.50bn
Position in Universe 258th / 6858

BUZZ-NII Holdings: Dials up 1,000 pct YTD gains; Cowen says rally justified

Tue 24th July, 2018 6:27pm
** NII Holdings  NIHD.O  shares surge 21.7 pct, taking
gains in past two days to ~39 pct; hits two-year high of $5.60
    ** Shares are up ~30 pct since late June when Reuters
reported the mobile service company has hired Rothschild & Co to
sell control of its Nextel operations in Brazil  urn:newsml:reuters.com:*:nL1N1TU1K0
    ** Cowen says rally is justified and stock remains cheap
ahead of a likely M&A takeout later this year, early next
    ** Says NIHD's spectrum worth at least 3x more than the
~10c/MHz-POP (as of Mon close) and estimates stock could hit
mid-teens in a non-competitive auction process and as high as
20s if multiple bidders emerge
    ** TIM Participacoes  TIMP3.SA  execs said Fri that while
they do not see specific M&A opportunities now, Brazil's telecom
sector will consolidate in next two years and TIM wants to take
part in that process  urn:newsml:reuters.com:*:nE6N1ST00T
    ** Cowen says TIM, AT&T  T.N  and Carlos Slim's America
Movil  AMXL.MX  top its list of potential acquirers for NIHD
    ** NIHD is now up more than 1,000 pct so far this year

 (Reporting by Savio D'Souza)
 ((RM:savio.dsouza.thomsonreuters.com@reuters.net))
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