Chilean Telco Enters Peru as Nextel Pulls Back

Apr 8, 2013

NII Holdings has agreed to sell its Nextel del Peru unit to Chile's Empresa Nacional de Telecomunicaciones (Entel) for $400m cash, Entel says. Entel plans to reserve funds for the acquisition partly by reducing its dividend payout to 50% percent of profit, compared to levels of 80%...

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