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Nextel Brazil Pays $714 Million for nationwide 3G License

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NII Holdings has announced that its subsidiary, Nextel Brazil was the winning bidder for 20 MHz licenses in the 1.9 2.1GHz frequency band (H band) auctioned by Brazil's telecoms regulator, Anatel. Nextel Brazil was the successful bidder for 11 of the 13 lots included in the H Band auction. The regional licenses won by Nextel Brazil cover approximately 182.4 million people in the country, or 97% of the Brazilian population, and 97% of the areas that generate the GDP in Brazil. These licenses cover all major metropolitan areas in Brazil including Sao Paulo, Rio de Janeiro and Brasilia.

Nextel Brazil said that it plans to utilize this spectrum to invest, build and deploy a 3G network across Brazil.

This 3G network will complement the company's existing iDEN network, and it expects to launch commercial services on this network in certain markets in the next 12 to 18 months.

Nextel Brazil's winning bids for the spectrum totaled R$1.215 billion (USD714.4 million) for the 20MHz in eleven of the thirteen lots included in the H band auction.

"This is an exciting time for NII and Nextel Brazil. Winning 3G spectrum in Brazil is an important milestone for the company, and it will allow us to invest, build and deploy a 3G network across the country, expanding our coverage and enabling us to provide a wider range of high-value wireless services to our current and future customers in the country," said Steven Dussek, Chief Executive Officer of NII Holdings.

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Tags: nii holdings  anatel  nextel  3g license  3g network  coverage  wireless  Brazil