Owner of course closes deal to buy Nextel Brazil by R $3.47 billion

The Mexican América Móvil, owner of course in Brazil, announced on Monday (18) which closed deal to buy Nextel Brazil. By the terms of the agreement, the current controlling shareholders of Nextel (NII and AI Brazil Holdings) agreed to sell its holdings in the company totals for $ $905 million, equivalent to R $3.47 billion in debt-free basis. In a statement, America Movil noted that, with the transaction, your subsidiary of course "will consolidate your position one of the leading providers of telecommunications services in Brazil", strengthening your subscriber base and cover in the cities of São Paulo and Rio de Janeiro, the main Brazilian markets. The current controllers, NII (70%) and then Brazil Holdings (30%), reported that America Movil will acquire all the shares of Nextel Brazil for a purchase price of $ $905 million consolidated, "less net debt, subject to some adjustments at closing, including reimbursement in relation to the investments in fixed assets and working capital from March 1 until the closing of the operation ". By the terms of the deal, America Movil is the only controller of Nextel Brazil after the transaction. The closing of the transaction is subject to approval by the shareholders of the current controller and the obtaining of approvals by the regulatory authorities (Anatel) and competition Defense (Cade). According to the data of December 2018 the Anatel (National Telecommunications Agency), Nextel is the fifth largest operator in the country with 3.3 million active mobile line, which corresponds to a slice of slightly more than 1% of the Brazilian market of mobile telephony. The course is the second largest operator in the country, with market share of 24.6%, behind the leader Book (31.9%).