NII Holdings may exit Argentina

27 Aug 2013

According to local newspaper Infobae, NII Holdings is considering the sale of its Argentine subsidiary, Nextel Argentina. Unnamed sources are said to have suggested a primary reason for a possible divestment is the company’s lack of 3G-suitable spectrum. Nextel Argentina had planned to take part in the government’s 800MHz and 1900MHz spectrum auction, which would have enabled it to move away from iDEN technology by rolling out W-CDMA services. However, the auction was cancelled in September 2012, as only one of the six participants met the financial requirements of the tender, and instead Arsat was handed almost 25% of the country’s 3G frequencies. Corporacion America, owned by local businessman Eduardo Eurnekian, is reportedly interested in acquiring Nextel Argentina, while Mexican billionaire Carlos Slim was linked with a swoop for the company last month.

Argentina, FiberCorp (formerly Nextel Argentina), NII Holdings