Entel acquires Nextel Perú

USD$ 400 million will pay ENTEL to acquire Nextel Peru's operations from the hands of NII Holdings. With this transaction, the Chilean telecommunications company can position itself as a telecommunications operator in the neighboring country, where it participates in markets such as data transmission, fixed services, IT and call center.

The closing of the agreement is subject to satisfaction of certain conditions by Nextel Peru, which should occur before the end of this year. The acquired company is the third largest mobile operator in the neighboring country, where it operates since 1988 positioning itself in the segment of corporate and individual customers.

The transaction is being entered into as part of NII's announced strategy to focus its capital and other resources in Mexico and Brazil , its two largest markets. The proceeds received from this sale will provide additional liquidity as the Company continues to invest in the deployment of its next generation networks in Mexico and Brazil. NII's next generation networks will enable the Company to provide the highest quality wireless experience to high value customers in those markets.

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