Telecommunications - Argentina

América Móvil's owner joins the race to acquire Nextel Argentina

América Móvil's owner joins the race to acquire Nextel Argentina

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Mexican billonaire Carlos Slim may be interested in acquiring Argentine trunking operator Nextel Argentina, which is owned by telecommunications group NII Holdings (Nasdaq: NIHD), local press reported.

According to the report, Nextel Argentina could have a total value of around US$400mn.

Slim owns Mexican telecoms giant América Móvil (NYSE: AMX), which operates in Argentina under the Claro brand. According to the reports, Claro has a current market share of 32% of the local mobile telephony market...

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