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<\/span><\/figcaption><\/figure> SAO PAULO: Mobile service company NII Holdings<\/a> Inc has hired Rothschild & Co to sell control of its Nextel<\/a> operations in Brazil, two people with knowledge of the matter said, opening the door to consolidation in the country's crowded telecommunications sector.

Rothschild was hired recently to organize the sale process of NII's 70 percent stake in Nextel Brazil and has yet to set dates for delivery of bids, according to one of the sources, who asked for anonymity because talks are still private.

Potential acquirers include Telefonica Brasil SA, the country's largest telecom company, and Access Industries, which already has a 30 percent stake in Nextel Brazil, the sources added.

If Access does not acquire NII's 70 percent stake, it may be 'dragged along' to sell its 30 percent stake if the acquirer wants the entirety of Nextel Brazil.

U.S.-listed shares in NII popped 19 percent on the news that it put its Nextel stake on the block, extending the day's gains to more than 20 percent. Shares in Telefonica Brasil jumped a more modest 0.4 percent.

NII Holdings, Access Industries and Rothschild & Co did not respond to requests for comment. Telefonica Brasil declined to comment.

A year ago, NII had agreed to sell a controlling stake in its Brazilian operations to Norway-based Ice Group Scandinavia Holdings AS. Ice Group injected $50 million into Nextel Brazil for a 30 percent stake and had an option to inject an additional $150 million to raise its stake to 60 percent.

However, Ice Group lost interest after the first phase of the transaction and let the option to acquire control of Nextel Brazil expire.

The Norwegian group said this month that it had agreed to sell the 30 percent stake to its controlling shareholder, Access Industries, founded by Ukrainian-born British-American investor Leonard Blavatnik.

Nextel operations in Brazil have 3 million subscribers, but earnings before interest, tax, depreciation and amortization (EBITDA) is close to zero, the first source said.
NII has less urgency to sell now than a year ago, the source added, after concluding a restructuring of 2.3 billion reais ($596 million) in debt owed to state-controlled lenders Banco do Brasil SA, Caixa Economica Federal and China Development Bank, cutting its short-term cash needs.

Banco do Brasil, Caixa Economica Federal and China Development Bank did not immediately respond to requests for comment.

Nextel Brazil is NII's last operation in Latin America after it exited operations in Peru, Chile and Mexico, where its unit was sold for $1.9 billion to AT&T Inc three years ago.

The Brazilian carrier could attract the interest of local rivals interested in its spectrum rights, which could be used to improve service and reduce investments in relatively wealthy states such as Sao Paulo and Rio de Janeiro, the sources said.

One significant roadblock to such consolidation, however, is a legal spectrum cap, which several major telecom companies are approaching in key regions.
Industry<\/a> regulator Anatel has eyed loosening those limits, which could accelerate a deal.
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NII控股将Nextel巴西出售:来源

潜在的收购者包括西班牙电信Brasil SA和访问行业,消息人士补充说。

  • 发表在2018年6月29日08:49点坚持
圣保罗:移动服务公司NII控股公司已聘请罗斯柴尔德& Co控制其销售Nextel在巴西的业务,两位知情人士说,打开门国家拥挤的电信行业的整合。

罗斯柴尔德最近雇佣组织出售过程NII Nextel巴西70%的股份,还没有设置日期交付投标,根据消息人士之一,他要求匿名,因为谈判仍然是私有的。

潜在收购者包括西班牙电信Brasil SA,中国最大的电信公司,以及获得行业,已经有30%的股份Nextel巴西,消息人士补充说。

广告
如果访问不收购NII的70%的股份,它可能是“拖”出售其30%的股份,如果收购方希望整个Nextel巴西。

美国上市的股票NII出现19%的消息,它将Nextel股份,延长一天的收益超过20%。乐动扑克西班牙电信巴西股票上涨0.4%。

NII控股、访问行业和罗斯柴尔德& Co没有回应记者的置评请求。西班牙电信巴西拒绝置评。

一年前,NII已同意其巴西业务的控股权出售给冰群斯堪的纳维亚opear控股。冰集团向Nextel巴西30%的股权注资5000万美元,有一个选项来注入额外的1.5亿美元增持到60%。

然而,冰集团失去了兴趣之后的第一阶段的事务,让选择获得控制Nextel巴西到期。

挪威集团本月表示,它已同意出售30%股份的控股股东,访问行业,由乌克兰英美投资者Leonard Blavatnik。

Nextel操作在巴西有300万用户,但利息、税收、折旧及摊销之利润(EBITDA)接近零,第一个消息人士说。
NII少紧急出售现在比一年前,源补充道,在结束23亿雷亚尔(5.96亿美元)的重组债务国有银行Banco do Brasil SA,联邦储备银行和中国发展银行削减短期现金需求。

广告
巴西银行,联邦储备银行和中国发展银行没有立即回复记者的置评请求。

Nextel巴西NII在拉美的最后一个手术后退出操作在秘鲁,智利和墨西哥,它的单位是三年前以19亿美元的价格卖给了美国电话电报公司。

巴西航空公司可以吸引本土竞争对手的利益感兴趣,其频谱的权利,可用于改善服务和减少投资相对富裕的国家,如圣保罗和里约热内卢,消息人士说。

然而,这种整合的一个重要障碍是法律频谱帽,这几个主要电信公司正在接近关键地区。行业监管机构Anatel眼放宽这些限制,这可能会加速。
  • 发表在2018年6月29日08:49点坚持
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<\/span><\/figcaption><\/figure> SAO PAULO: Mobile service company NII Holdings<\/a> Inc has hired Rothschild & Co to sell control of its Nextel<\/a> operations in Brazil, two people with knowledge of the matter said, opening the door to consolidation in the country's crowded telecommunications sector.

Rothschild was hired recently to organize the sale process of NII's 70 percent stake in Nextel Brazil and has yet to set dates for delivery of bids, according to one of the sources, who asked for anonymity because talks are still private.

Potential acquirers include Telefonica Brasil SA, the country's largest telecom company, and Access Industries, which already has a 30 percent stake in Nextel Brazil, the sources added.

If Access does not acquire NII's 70 percent stake, it may be 'dragged along' to sell its 30 percent stake if the acquirer wants the entirety of Nextel Brazil.

U.S.-listed shares in NII popped 19 percent on the news that it put its Nextel stake on the block, extending the day's gains to more than 20 percent. Shares in Telefonica Brasil jumped a more modest 0.4 percent.

NII Holdings, Access Industries and Rothschild & Co did not respond to requests for comment. Telefonica Brasil declined to comment.

A year ago, NII had agreed to sell a controlling stake in its Brazilian operations to Norway-based Ice Group Scandinavia Holdings AS. Ice Group injected $50 million into Nextel Brazil for a 30 percent stake and had an option to inject an additional $150 million to raise its stake to 60 percent.

However, Ice Group lost interest after the first phase of the transaction and let the option to acquire control of Nextel Brazil expire.

The Norwegian group said this month that it had agreed to sell the 30 percent stake to its controlling shareholder, Access Industries, founded by Ukrainian-born British-American investor Leonard Blavatnik.

Nextel operations in Brazil have 3 million subscribers, but earnings before interest, tax, depreciation and amortization (EBITDA) is close to zero, the first source said.
NII has less urgency to sell now than a year ago, the source added, after concluding a restructuring of 2.3 billion reais ($596 million) in debt owed to state-controlled lenders Banco do Brasil SA, Caixa Economica Federal and China Development Bank, cutting its short-term cash needs.

Banco do Brasil, Caixa Economica Federal and China Development Bank did not immediately respond to requests for comment.

Nextel Brazil is NII's last operation in Latin America after it exited operations in Peru, Chile and Mexico, where its unit was sold for $1.9 billion to AT&T Inc three years ago.

The Brazilian carrier could attract the interest of local rivals interested in its spectrum rights, which could be used to improve service and reduce investments in relatively wealthy states such as Sao Paulo and Rio de Janeiro, the sources said.

One significant roadblock to such consolidation, however, is a legal spectrum cap, which several major telecom companies are approaching in key regions.
Industry<\/a> regulator Anatel has eyed loosening those limits, which could accelerate a deal.
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