Search the web
Welcome, Guest
[Sign Out, My Account]
EDGAR_Online

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
NIHD > SEC Filings for NIHD > Form 8-K on 21-Aug-2013All Recent SEC Filings

Show all filings for NII HOLDINGS INC | Request a Trial to NEW EDGAR Online Pro

Form 8-K for NII HOLDINGS INC


21-Aug-2013

Completion of Acquisition or Disposition of Assets, Financial Statements and Exh


Item 2.01. Completion of Acquisition or Disposition of Assets.

On August 19, 2013, NII Holdings, Inc. (the "Company"), together with its wholly-owned subsidiaries NII Mercosur Telecom, S.L. and NII Mercosur Moviles, S.L., completed the previously announced sale of all of the outstanding equity interests in the Company's wholly-owned subsidiary, Nextel del Peru, S.A. ("Nextel Peru") to Empresa Nacional de Telecomunicaciones S.A. and one of its subsidiaries, Entel Inversiones, S.A., both of which are corporations existing under the laws of Chile (such entities collectively, "Entel"), for $410.6 million in cash, of which $50.0 million will be deposited in escrow to satisfy potential indemnification claims. The aggregate value received by the Company reflects estimated adjustments for cash, debt and working capital balances as of the closing date and is subject to post-closing working capital adjustments.

In connection with the completion of the sale, the Company also entered into a transition services agreement, pursuant to which the Company and its subsidiaries will provide certain services to Entel in order to facilitate the transition of Nextel Peru.

The description of the transaction contained in this report is qualified in its entirety by reference to the complete text of the Stock Purchase Agreement filed as Exhibit 10.1 to the Company's current report on Form 8-K dated April 5, 2013 and incorporated herein by reference.



Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.   Description

    2.1       Stock Purchase Agreement by and among Entel Inversiones, S.A.,
              Empresa Nacional de Telecomunicaciones S.A., NII Mercosur Telecom,
              S.L. and NII Holdings, Inc. dated as of April 4, 2013 (incorporated
              by reference to Exhibit 10.1 of NII Holdings, Inc.'s current report
              on Form 8-K dated April 5, 2013).
   99.1       Unaudited Pro Forma Financial Information.


  Add NIHD to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for NIHD - All Recent SEC Filings
Sign Up for a Free Trial to the NEW EDGAR Online Pro
Detailed SEC, Financial, Ownership and Offering Data on over 12,000 U.S. Public Companies.
Actionable and easy-to-use with searching, alerting, downloading and more.
Request a Trial      Sign Up Now


Copyright © 2014 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.