NII to Cede Peru Operations to Entel, Consolidating Around Brazil and Mexico Core Markets

Brian Washburn
Brian Washburn

Summary Bullets:

  • NII selling its Peru holdings could help fund investments to become a major cellular competitor in Brazil and Mexico.
  • Mexico and Brazil are extremely competitive markets; still, the long-running wireless demand boom could help lift NII’s prospects.

On April 4, regional Latin America wireless specialist Nextel International (NII) announced that it was selling off its wholly owned Nextel Peru subsidiary to Chile’s incumbent provider Empresa Nacional de Telecomunicaciones (Entel). The purchase price is expected to be US$400 million when the transaction completes in H2 2013. NII will continue to compete with its existing wireless services in Mexico, Brazil, Argentina and Chile. Continue reading “NII to Cede Peru Operations to Entel, Consolidating Around Brazil and Mexico Core Markets”