August 23, 2017 4:54 AM ET

Wireless Telecommunication Services

Company Overview of Nextel Telecomunicações Ltda.

Company Overview

Nextel Telecomunicações Ltda. provides wireless telecommunication services in Brazil. It offers voice and Internet services, as well as cellular handsets and devices. The company was founded in 1997 and is based in São Paulo, Brazil. Nextel Telecomunicações Ltda. operates as a subsidiary of Nextel Telecomunicações S.A.

Avenida das Nações Unidas, nº 14171

32º andar - Condomínio Rochaverá Corporate Towers - Crystal

Vila Gertrudes

São Paulo, SP 04794-000

Brazil

Founded in 1997

Phone:

55 11 2145 1000

Fax:

55 11 2145 2013

Key Executives for Nextel Telecomunicações Ltda.

Chief Executive Officer
Age: 44
Compensation as of Fiscal Year 2017.

Nextel Telecomunicações Ltda. Key Developments

Nextel Brazil Announces Executive Changes

On April 25, 2017, NII Holdings Inc. announced that Francisco Valim has stepped down as President of Nextel Brazil and that Roberto Rittes has joined Nextel Brazil as Chief Executive Officer as of April 24, 2017. Mr. Rittes, 43, previously served as a key officer for Brazilian telecom companies Brasil Telecom and Oi Paggo, from 2004 to 2011. Most recently, Mr. Rittes was a principal at H.I.G. Capital, from 2016 to 2017. Prior to that, Mr. Rittes served as Chief Financial Officer of Boa Vista Servi os, from 2013 to 2016. From 2011 to 2012, Mr. Rittes served as Chief Financial Officer of Estre Ambiental.

Nextel Brazil Launches 4G LTE in São Paulo

Nextel Brazil announced the commercial launch of its 4G LTE network in the metropolitan region of São Paulo, where it was previously only offering 3G. The company has been running 4G pilots in the city of São Paulo since the end of last year. Commercially, the service was only available in the city of Rio de Janeiro, where Nextel claims to have reached 20% of the 4G market in over two years. Elsewhere in Brazil, Nextel has an agreement to use Telefónica's 3G and 4G networks where it lacks its own infrastructure. Around 425,000 clients with compatible phones are now able to access Nextel's 4G network in the São Paulo region. Nextel's 4G runs in the 1.8GHz band, which it acquired for BRL 455 million (USD 143 million) in a 2015 leftover spectrum auction. 4G in Brazil has mostly been offered using the 2.5GHz frequency, auctioned in 2012. Nextel plans to deploy 917 antennas throughout the São Paulo region over the coming years.

Nextel Brasil Not In M&A Talks

Nextel Telecomunicações Ltda., part of the NII Holdings group, has again denied being up for sale. According to Chief Executive Officer Francisco Valim (pictured), there are no talks taking place in this context at the moment. "That doesn't mean they couldn't happen. I've spent the last 11 months talking about and denying consolidation, but no one knows the future," Valim told BNamericas during a press event on December 7, 2016, in São Paulo.

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