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NII Holdings, Motorola Extend IDEN Supply Pact For 5 Yrs
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NII Holdings late Thursday said it has agreed to extend its supply agreement with Motorola for iDen handsets and network infrastructure for an additional five years, or until the end of 2011.
iDen combines push-to-talk service, with telephone interconnect, short messaging and Internet access.
Under the agreement, NII will raise handset commitments delivered by Motorola at competitive prices, while Motorola will continue to invest in development of new iDEN devices and infrastructure.
Reston, Va.-based NII also said its Nextel Mexico subsidiary has agreed to buy Cosmofrecuencias S.A. de C.V. for $200 million. The deal will provide Nextel Mexico a local concession, as well as cost savings, NII said.
-Ana Campoy; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires "
Tags: [iden] [push-to-talk]
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