Breaking News


NII Hires UBS to Weigh Options Including Asset Sales, Mergers

NII Holdings Inc. (NIHD), which offers Nextel mobile-phone services in Latin America, retained UBS AG to advise it on potential strategic opportunities, including creating partnerships or a merger or sale of the company or its assets.

NII has also hired Rothschild Inc. as a financial adviser to help modify its capital structure and improve its long-term liquidity position, according to a statement today. Potential approaches could lead to refinancing or restructuring all or a portion of existing debt obligations, the Reston, Virginia-based company said.

NII’s shares tumbled 55 percent on Feb. 28 after the company said it may not be able to fulfill its financial obligations in 2015 and beyond. NII will have to “significantly” improve its operating performance and consider additional options to increase liquidity to fund its business, it said at the time. It said it has adequate funding for 2014.

To contact the reporter on this story: Ben Livesey in San Francisco at

To contact the editors responsible for this story: Cecile Daurat at Ben Livesey

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.