NII Holdings (NIHD) Reports Q2 EPS of $0.02, Revenues Miss

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UPDATE: NII Holdings (NIHD) Agrees to Sell 70% Stake in Nextel Brazil To America Movil

March 18, 2019 6:16 AM EDT

(Updated - March 18, 2019 6:17 AM EDT)

NII Holdings, Inc. ("NII") [NASDAQ: NIHD] today announced that it has agreed to sell its 70% interest in its operations in Brazil ("Nextel Brazil") to América Móvil S.A.B. de C.V. ("América Móvil") through the sale of one of NII's Luxembourg-based subsidiaries. The sale represents the disposition of NII's sole remaining operating asset. Additionally, in connection with the... More