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NII Holdings confirms "strategic" talks regarding Nextel Brazil

Tue 7th August, 2018 1:56pm
SAO PAULO, Aug 7 (Reuters) - Mobile carrier NII Holdings Inc
 NIHD.O  has begun "strategic discussions" regarding the future
of its Nextel unit in Brazil, an executive said on Tuesday,
confirming a June Reuters report.
    On a conference call with analysts, Chief Financial Officer
Daniel Freiman said Rothschild & Co  ROTH.PA  was advising on
the process. Roberto Rittes, head of Nextel Brazil, said telecom
regulator Anatel was likely to raise spectrum cap limits in the
fourth quarter, which would speed up a potential sale.
    In June, NII shares soared as much as 31 percent after
Reuters reported that NII had hired Rothschild to explore a sale
of Nextel Brazil.*:nL1N1TU1K0

 (Reporting by Gram Slattery
Editing by Susan Thomas)
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