América Móvil acquires Nextel in Brazil

América Móvil acquires Nextel in Brazil

M&A Telecoms Regulation Corporate & Sovereign Strategy Brazil Mexico

Mexico's América Móvil has agreed to buy Nextel Telecomunicações in Brazil from NII Holdings and AI Brazil Holdings for $905m. The acquisition is still subject to approval from Brazil's telecommunications regulator Anatel and the anti-trust agency CADE, América Móvil said in a press release. América Móvil already operates the Claro mobile phone brand in Brazil.  NII put up for sale its 70% stake in Nextel Brazil in August 2018.  NII's board of directors has unanimously endorsed the deal and

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