América Móvil strengthens its position in Brazil with Nextel acquisition
The Latin American mobile heavyweight América Móvil has agreed to acquire its competitor Nextel in the Brazilian market for $905 million.
The Latin American mobile heavyweight América Móvil has agreed to acquire its competitor Nextel in the Brazilian market for $905 million.
Telecom Italia is reportedly scouring through bank statements, trying to figure out whether it can purchase Nextel Telecommunicacoes in an effort to boost market share.
Less than a year after the launch of 3G services in Rio de Janeiro and just in time to catch most of the World Cup action, Brazilian carrier Nextel this week switched on its 4G network in the city, giving users access to ten times faster download speeds.
Spanish carrier Telefónica has been contracted by Nextel branded NII Holdings to supply nationwide 3G coverage for voice and data services in Brazil and Mexico, expanding Nextel’s existing coverage.
US operator Sprint has posted an operating loss of $874m for the quarter ended June 30, 2013. The figure takes into account non-cash charges of $623m related to the shutdown of the Nextel iDEN platform. Accelerated depreciation of assets also accounted for approximately $430m of the loss.
US operator Sprint Nextel has blamed delays caused by equipment vendors for stifling the rollout of its Network Vision project, in a filing to the US Securities and Exchange Commission. As a result, the operator said that it had been forced to revise its plans to bring 12,000 multi-mode base stations on-air by the end of 2012, pushing the deadline back to 1Q13.
Nextel Brazil, a subsidiary of NII holdings, has won 20MHz licences in the 1.9 – 2.1GHz band in an auction conducted by Brazilian regulator Anatel. Nextel was successful in its bids for 11 of the 13 lots on offer, which will give it coverage of 182.4 million people, or 97 per cent of the population.
Not to be outdone by Ericsson’s news of an LTE win in the US, Nokia Siemens Networks (NSN) on Wednesday notched up a far reaching managed services deal in Latin America with NII Holdings.
Sprint Nextel, the third largest mobile operator in the US, is finding life much tougher than its Brown Telephone Company antecedent.
US carrier Sprint Nextel Thursday announced expansion plans for its high speed wireless service and an agreement to carry VoIP traffic for Time Warner Cable. Sprint plans to begin its roll out of the 3G upgrade technology known as EV-DO Revision A during the fourth quarter of this year with coverage expected to reach more […]
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