Jones Day advises NII Holdings on Nextel Brazil sale
Jones Day has advised US company NII Holdings on the sale of its 70 per cent interest in mobile carrier Nextel Brazil to América Móvil.
The sale represents the divestment of NII’s sole remaining operating asset in Brazil, Nextel Telecomunicações Ltda. In addition, AI Brazil Holdings BV has agreed to sell its 30 per cent interest in Nextel Brazil so that América Móvil will be the sole owner of Nextel Brazil following the transaction.
NII will receive 70 per cent of the final net proceeds after deducting a $2 million preferred share return due to AI Brazil.
The Jones Day team advising NII Holdings was led by S. Wade Angus (New York/São Paulo) and Erin de la Mare (Cleveland), and includes Ben Stulberg (Cleveland), Nathalia Cipelli (São Paulo), Isabel Junqueira (New York), and Michael Podolsky (Cleveland).
