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December 02, 2015 1:35 AM ET

Wireless Telecommunication Services

Company Overview of Nextel Telecomunicações Ltda.

Company Overview

Nextel Telecomunicacoes Ltda. provides wireless telecommunication services in Brazil. It also offers cellular handsets and devices. The company was founded in 1997 and is based in Sao Paulo, Brazil. Nextel Telecomunicacoes Ltda. operates as a subsidiary of NII Holdings Inc.

Av. Das Nações Unidas

14.171 - 29º andar - Torre Crystal

Sao Paulo, SP 04794-000


Founded in 1997


55 11 2145 2013


55 11 2145 1000

Key Executives for Nextel Telecomunicações Ltda.

Age: 51
Compensation as of Fiscal Year 2015.

Nextel Telecomunicações Ltda. Key Developments

Nextel Brazil Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015

Nextel Brazil reported unaudited earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported service and other revenues of $266.4 million compared to $435.8 million reported in the same period last year. Losses were $10.8 million against income of $0.9 million reported last year. For the nine months, the company reported operating revenues of $968.2 million and losses of $86.0 million.

NII Holdings Reportedly Explore Options For Nextel Unit

NII Holdings Inc. (NasdaqGS:NIHD) is planning to explore strategic alternatives for Nextel Telecomunicações Ltda., according to people familiar with the matter. NII has spoken to investment banks in recent weeks about hiring a financial adviser to explore its options, including a potential sale, the people said this week. The sources asked not to be identified because the deliberations are confidential. NII provided no immediate comment.

Nextel Brazil Announces Board Changes

NII Holdings Inc. announced that Francisco Tosta Valim Filho has been appointed as President, Nextel Brazil, effective August 25, 2015.  Mr. Valim will be employed by Nextel Telecomunicacoes Ltda., the Company's Brazilian operating subsidiary, and will report directly to NII's Chief Executive Officer, Steve Shindler. Mr. Valim will be responsible for leading the Company's day-to-day operations in Brazil. He replaces Gokul Hemmady, who has served as President, Nextel Brazil since 2013. Prior to joining Nextel Brazil, Mr. Valim was Chief Executive Officer of Via Varejo, from 2013 to 2014.

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