Claro-nxt replaces Nextel Brazil as NII pursues insolvency

Claro-nxt replaces Nextel Brazil as NII pursues insolvency

Nextel Brazil has been rebranded as Claro-nxt after being acquired by America Movil in December last year.

America Movil, which operates Claro Brasil, spent US$905 million to obtain the unit from NII Holdings. Nextel subscribers have now been migrated and can access Claro’s LTE-A network, as well as benefits such as free calling and WhatsApp messages.

Nextel’s former parent NII Holdings has now filed a “verified petition for dissolution” in the Court of Chancery of the State of Delaware, reports TeleGeography.

Since declaring its intention to liquidate, NII has faced difficulties in selling off its units. It hit a setback in the sale of its Mexican operations to AT&T in April this year, after the American company’s holding firms rejected NII’s offer of security after clashing over the size of the fee for “certain on-going contractual indemnification obligations for tax liabilities attributable to periods preceding the sale of NII’s Mexican operations.”