Telefonica says Nextel Brazil to rent network space for at least $472 mln

Reuters

SAO PAULO, May 19 (Reuters) - Telefónica Brasil SA , which operates Brazil's largest wireless carrier, said it agreed to rent network space to NII Holdings Inc for at least 1.038 billion reais ($472 million) for a period of five years, according to a securities filing on Monday.

($1 = 2.20 Brazilian reais) (Reporting by Guillermo Parra-Bernal; Editing by David Gregorio)

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