Deals
Telecom Italia Considers Bidding for Nextel in Brazil
- Telecom Italia may discuss possible deal with board Sept. 24
- NII, Nextel’s majority owner, rises 27% in U.S. trading
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Telecom Italia SpA’s unit in Brazil is considering bidding for the country’s fifth-largest wireless carrier, Nextel Telecomunicacoes Ltda., to boost its market share and gain spectrum in some metropolitan areas, people familiar with the matter said.
NII Holdings Inc., the majority owner of Nextel, surged as much as 27 percent on the news in U.S. trading.