August 20, 2014 3:40 PM ET

Wireless Telecommunication Services

Company Overview of Nextel Communications Argentina S.A

Company Overview

Nextel Communications Argentina S.A provides mobile telephony, short messaging, and radio and data transmission services. The company was formerly known as Nextel Argentina S.R.L. and changed its name to Nextel Communications Argentina S.A. The company was founded in 1998 and is based in Buenos Aires, Argentina. Nextel Communications Argentina S.A operates as a subsidiary of NII Holdings Inc.

Olga Cossettini 360/363

Dique 4

Complejo Puerto Madero Centro

Buenos Aires,  C1107CCG

Argentina

Founded in 1998

Phone:

54 11 5359 9990

Fax:

54 11 5359 9990

Key Executives for Nextel Communications Argentina S.A

President
Age: 61
Compensation as of Fiscal Year 2014.

Nextel Communications Argentina S.A Key Developments

Media investors to buy Nextel Argentina, Chile

Matías Garfunkel and Sergio Szpolski are expected to acquire Nextel Argentina and Nextel Chile for nearly $250 million, local paper Clarin reports. According to the report, Grupo Veintitres plans to make an offer to NII Holdings this week in order to acquire the two subsidiaries. Garfunkel and Szpolski will partner with Argentine and US capitals in order to make the acquisition.

Matías And Sergio Reportedly Eyes Nextel

Matías Garfunkel and Sergio Szpolski is seeking to acquire Nextel Communications Argentina S.A, local paper Infobae reports. According to the report, the local subsidiary of NII Holdings Inc. (NasdaqGS:NIHD) may have a total value of nearly $200 million. NII Holdings decided to sell its Argentine subsidiary under a restructuring plan which included the sale of Nextel.

Nextel Argentina Announces Unaudited Earnings Results for the First Quarter Ended March 31, 2014

Nextel Argentina announced unaudited earnings results for the first quarter ended March 31, 2014. For the quarter, the company announced operating revenues of $112.7 million compared to $167.0 million for the same period a year ago. Earnings for the period were $27.0 million compared to $52.3 million for the same period a year ago.

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