Nextel Argentina acquires five companies in 900MHz, 2.5GHz spectrum swoop

24 Jun 2016

Nextel Argentina has reportedly acquired five wireless broadband operators for a total of USD138.2 million, local media group Clarin reports. The companies in question have been named as Netizen, Trixco, Skyonline Argentina, Infotel and Callbi, which between them hold radio spectrum in the 900MHz and 2.5GHz bands. 900MHz frequency holder Trixco was bought from Gridley Investments, while the other four companies were acquired from co-owners WX Telecommunications and Greenmax Telecommunications.

A Nextel spokesperson commented: ‘This transaction marks the beginning of a process of investment in technology and networks that will enable Nextel enhance their existing services and incorporate new value-added services such as mobile data. With these acquisitions, Nextel aims to complement its existing spectrum capacity, a necessary step to remain competitive in the field of mobile communications.’

TeleGeography notes that media conglomerate Grupo Clarin acquired 51% of Nextel Argentina in January this year, after agreeing to buy an initial 49% stake in September 2015.

Argentina, FiberCorp (formerly Nextel Argentina), Grupo Clarin, WebSky (Infotel)