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NII Holdings sells Nextel Peru to Entel for $400M

NII Holdings announced that it has agreed to sell its Peruvian operations to Empresa Nacional de Telecomunicaciones S.A. for approximately $400M. The transaction is consistent with NII's strategy to focus on its largest markets, Mexico and Brazil. Additional capital further improves NII's liquidity position as it focuses its investments on the expansion of its new next generation platform in its largest markets.