Editor’s Note: RCR Wireless News goes all in for “Throwback Thursdays,” tapping into our archives to resuscitate the top headlines from the past. Fire up the time machine, put on the sepia-tinted shades, set the date for #TBT and enjoy the memories!
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The expansion of operation support systems and business support systems implementation throughout Latin American was the topic of a recent video interview with Bob Titus, VP of global converged solutions at NetCracker Technology. Titus talked about what is driving the expansion, what carriers are...
NII Holdings is reducing its operations across Latin America. In its most recent move, the US-based company sold 49% of Nextel Argentina to Grupo Clarín, a local media company that holds operations in areas such as cable television, Internet access, printing and publishing, and...
In the middle of rumors that TIM would make an offer to buy Nextel in Brazil, which was denied by both telecom carriers, NII Holdings announced a new CEO for Nextel Brazil. Francisco Valim, former CEO of América Móvil’s NET and former CEO of...
Brazilian carriers Oi and NII Holdings posted losses for the first quarter of 2015. During a conference call about the results, Oi President Bayard Gontijo asked analysts and investors to trust the carrier’s reorganization plan and claimed Oi will return to profitability. The company has laid off thousands of employees, including some...
AT&T plans to combine Nextel Mexico with Iusacell to form large Mexico operator
AT&T completed its $1.875 billion acquisition of Nextel Mexico, bolstering its presence in the Mexican market.
The deal includes companies operating under the name Nextel Mexico and holding all of NII Holdings wireless...
AT&T is set to expand operations in Mexico, announcing this morning plans to acquire NII Holdings’ Nextel Mexico operations for $1.875 billion. The deal will see AT&T purchase the assets out of bankruptcy protection as part of an NII Holdings restructuring plan.
The proposed deal...
A flurry of potential acquisitions in Brazil has resulted in two competing operators, Oi and TIM Brasil, each considering bids to buy the other.
First, there is the ongoing battle for Vivendi's Brazilian unit, GVT. Telefónica raised its offer for GVT to U.S.$9.83 billion in cash...
NII Holdings has remained in the headlines in Latin America ever since it announced a likely bankruptcy last week. On August 15, the company, which operates under the Nextel brand in Latin America, said it has elected not to pay approximately $118.8 million in interest due on senior notes. A...
NII Holdings, which operates in Latin America under the Nextel brand, announced it will likely file for Chapter 11 bankruptcy protection because it cannot fulfill its financial obligations. Following the announcement, NII Holdings' shares plummeted. According to the filing, the mobile phone carrier has until Aug. 15 to...
América Móvil has decided sell some of its assets to comply with Mexico’s new anti-trust telecom rules that forbid companies from controlling more than 50% of the market.
On July 8, América Móvil issued a statement announcing that its board has analyzed several alternatives and recommendations, and resolved to reduce...
NII Holdings is reportedly selling its Nextel operations in Chile and Argentina. According to the Argentinean newspaper La Nación, two Argentinian businessmen, Matías Garfunkel and Sergio Szpolski, the owners Grupo Veintitres, are close to buying the mobile phone service for about $250 million.
Last year, NII Holdings agreed...
The Mexican Federal Telecommunications Institute (Ifetel) has declared that América Móvil units Telmex and Telcel are prevailing economic operators in the telecommunications sector. Ifetel had already named Televisa the dominant operator in the broadcasting sector. According to local news reports, unlike the television agency,...
NII Holdings, which operates in Latin America under the Nextel brand, posted a rough 2013, with the company reporting losses in both subscribers and revenue.
“We are clearly disappointed with our operational performance in 2013, and we are taking actions to improve our business results,...
Telefónica has agreed to provide NII Holdings’ subsidiaries in Brazil and Mexico with nationwide voice and data coverage services using the Telefónica's 3G wireless networks in those markets. NII Holdings operates under the Nextel brand in the two countries, and the agreement with Telefónica aims...
Despite a recent negative antitrust ruling, Vivo, the Brazilian unit of Spanish Telefónica, views 2013 as a good year. The carrier focused on increasing its postpaid base and encouraging data usage (the MultiVivo offering is one example). In Brazil's LTE space, Vivo has the...
When NII Holdings reported its third quarter results. The carrier, which is also known as Nextel in Latin America, also announced plans to deploy LTE in select cities in 2014.
According to NII Holdings CEO Steve Shindler, the move to launch LTE services is designed...
A new carrier was announced in Brazil last week. On Telecom will begin its operations backed by billionaire financier George Soros. The new competitor, which is targeting a niche in the Brazilian market, will offer home and office connections over TD-LTE. On Telecom is...
NII Holdings announced a deal to sell approximately 2,790 towers in Brazil and 1,666 towers in Mexico to American Tower for approximately $811 million. The deal calls for NII, which operates under the Nextel brand across it Latin American properties, to lease back the...
While TIM posted a 12% rise in its second-quarter profit, beating forecasts on strong cost controls, NII Holdings’ Nextel operations presented a consolidated net loss of $386 million.
TIM, Brazil's second-largest wireless telecom operator, said its postpaid base grew 13.9% year-over-year. During a conference call, Rodrigo...
Looking to continue push-to-talk communication capabilities between customers across the Western Hemisphere, NII Holdings and Motorola announced a smartphone application that will allow users in the United States with to connect PTT conversations with NII customers across Latin America.
The PRIP application, which is based...
April 30 was the final day to deploy LTE networks in the Brazilian host cities of the FIFA Confederations Cup, and the largest four carriers that were granted LTE licenses met the deadline. Telefónica held a press conference on April 30 to announce its...
Last week was a busy one for Latin American carriers. While U.S.-based NII Holdings announced it is exiting Peru by selling its Nextel operations to Entel, Virgin Mobile announced the soft launch of its mobile virtual network operator in Colombia. Also in Colombia, Millicom’s Tigo...
NII Holdings, which is based in Reston, Va., announced it has sold its Peru operations to Empresa Nacional de Telecomunicaciones (ENTel) for $400 million. The deal furthers NII’s plans to focus its efforts on its core operations in Brazil and Mexico.
The deal was...
