Nextel Mexico’s 30% stake bought by Televisa

On 02.16.10, In Mobile, By Editor

www.WirelessFederation.com/news: Stakes in local unit of NII Holdings’, the mobile operator Nextel Mexico, will be bought by pay-TV provider and media group Televisa at a price of USD 1.44 billion cash for an initial 30 percent equity stake in Nextel Mexico. 70 percent stake in Nextel Mexico will be maintained by NII along with the management.

An additional 7.5 percent stake in Nextel Mexico can also be acquired by Televisa from the third or fourth anniversary of the completion of the initial transaction.

The services will be cross sold to each other customers base. The companies have also planned to use the Televisa media and distribution channels to market Nextel services and work on bundling services and developing a quadruple-play offering.

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NII contracts Nokia to manage network in five countries

On 02.11.10, In Mobile, By Editor

www.WirelessFederation.com/news: Nokia Siemens Networks has been contracted by Latin American mobile operator NII Holdings to manage its network operations across its regional footprint. 1,000 NII Holdings employees will transfer to Nokia Siemens Networks under the terms of the deal.

Argentina, Brazil, Chile, Mexico and Peru are covered in the contract where NII operating under the Nextel brand, will hold its operations.

According to Alan Strauss, chief technology officer at NII Holdings, the focus of the company to   deliver differentiated wireless service is strengthened by this partnership with Nokia Siemens Networks, as it allows NII to increase the operational flexibility, improve the cost efficiencies, and improve the service quality.

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Nextel’s stake to be acquired by Televisa (Mexico)

On 02.09.10, In Mobile, By Editor

www.WirelessFederation.com/news: CFC’s approval has been seeked by Mexican media group Televisa to acquire a stake in the local unit of mobile operator NII Holdings. Both the companies have notified the Federal Competition Commission regarding their intention to undertake this acquisition.

The CFC has 30 days to approve or deny the acquisition.

There are 2.9 million customers and 3.6 percent mobile market share of NII Holdings operating in Latin America under the Nextel brand name, in Mexico at the end of September 2009.

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Saudi Telecom to bid for third Kuwait mobile operator (Saudi Arab)

On 08.27.07, In Mobile, By Editor

Saudi Telecom (STC) announced Saturday it will bid to acquire 26 percent of Kuwait’s third mobile company, which is expected to start operations early next year.

The Saudi company, which enjoys a monopoly over landline services in the kingdom in addition to its vast mobile phone market, will present its bid before the Sept 7 deadline, SPA state news agency reported.

‘This is a chance to continue Saudi Telecom’s policy of pressing with foreign expansions and to enhance the possibilities for operational consolidations in the Gulf region,’ STC’s chairman Mohammad al-Jasser said, according to SPA.

A law to establish the new mobile company in Kuwait has set aside 24 percent for state institutions, 50 percent to be sold to citizens in an initial public offering, and the rest to go to a core investor.

Kuwait has two mobile operators, Mobile Telecommunications Co, established in 1983, and National Mobile Telecommunications Co (Wataniya), which started operations in 1999.

In June, STC announced it will acquire a strategic 25 percent stake in Malaysia’s Maxis Communications in a deal worth 3.05 billion dollars.

STC was partially privatised in 2002. Since that year, it has been competing in the mobile telephone market with Etisalat of the United Arab Emirates.

   

 

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