For DirecTV, the deal with AT&T is a godsend. Over the last few years, DirecTV has been focusing on growing its Latin American business after the US pay-TV market began stagnating. However, it had limited prospects in growing its wireless business in Latin America due to the lack of experience and spectrum. With AT&T acquiring the company, DirecTV can leverage the experience of AT&T to improve its networks in Colombia, Brazil, and other countries where DirecTV has LTE spectrum. Additionally, DirecTV has hinted that AT&T’s money will allow it to consider strategic acquisitions to speed up its efforts to expand its wireless broadband business. A speculated acquisition target is NII Holdings (a struggling mobile network operator who does business as Nextel in several Latin American countries that holds valuable low-band ESMR spectrum suitable for LTE).
Highly possible to see the continued reaction of the news into next week.. If this news has got any power, it may ride NIHD back to 2.00+ within few weeks... Currently, the stock price has been manipulated so bad & trading at extremely low due to ongoing corporate politics.. The institutional share-holders want CEO to make the decision as fast as possible.. I am very confident that NII Holdings will get acquired..
As I stated a while back,
I started Buying NIHD when Randal Stevenson was on CNBC
and stated very clearly all the new growth will be in Latin America.
So, I agree with you this is a distinct possibility,