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Nextel to Rent Capacity from Telefonica in Brazil and Mexico

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NII Holdings has signed a national roaming agreement with Telefonica in Mexico and Brazil, expanding the range of its Nextel branded services.

Telefonica and NII's subsidiaries will continue to manage their spectrum and network assets separately to provide competing services.

In Brazil, Nextel will continue to expand its own network while complying with the regulatory coverage requirements imposed by the regulator, Anatel.

"The agreement allows both companies to capture the benefits derived from the optimization of infrastructure investment while maintaining the current market structure in both Brazil and Mexico," said Santiago Fernandez Valbuena, Chairman and CEO of Telefonica Latin America. "It is another example of Telefonica's effort to optimize resource usage, improve profitability of the businesses and increase financial flexibility."

Nether company elaborated on the financial impacts of the agreements, nor the duration of the contract.

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Tags: nii holdings  telefonica  Brazil  Mexico