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NIHD > SEC Filings for NIHD > Form 8-K on 21-Aug-2013All Recent SEC Filings

Show all filings for NII HOLDINGS INC



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.

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