(Reuters) - AT&T Inc (T.N) said on Monday it would buy bankrupt NII Holdings Inc's (NIHDQ.PK) wireless business in Mexico for $1.875 billion in a move to create a larger Mexican wireless player that will have a better chance of competing with No.
NII Holdings Inc., which owns Nextel-branded wireless units in Latin America, filed for Chapter 11 bankruptcy protection in New York on Monday after deteriorating performance caused it to miss a series of interest payments.
Aug. 12 (Bloomberg) -- NII Holdings Inc., the mobile-phone carrier that's been losing subscribers in Latin America, said it will probably file for Chapter 11 bankruptcy protection because it can't fulfill financial obligations.
NII Holdings Inc. (NASDAQ: NIHD) is not trading like a company that simply reported a wider loss than expected. The Latin American wireless Nextel telecom provider i sin trouble and signaled that it will have liquidity issues if improvements are not ...
The deal will give AT&T Inc. companies that operate under the name Nextel Mexico and hold all of the wireless properties in Mexico held by NII Holdings Inc. That includes spectrum licenses, network assets, retail stores and about 3 million subscribers.
NII Holdings Inc. has an agreement to sell its Chilean subsidiary, according to financial disclosures, but negotiations continue with bondholders as the Latin American wireless provider attempts to restructure its debt load.
Law360, New York (October 24, 2014, 4:56 PM ET) -- NII Holdings Inc. on Thursday asked a New York bankruptcy court to extend the automatic stay of litigation to cover its executives, who are facing an investor class action over allegedly false ...