Request for extension of option period
10 November 2017 – Further to the announcements dated 6 June 2017 and 24 July 2017 regarding the Nextel Brazil transaction, ice group (“ice”) has requested an extension of time to exercise its option to increase its ownership in Nextel Holdings, the company that indirectly owns Nextel Brazil. ice and Nextel Holdings have started discussing the terms of an extension to the “Step 2 investment” of the Nextel Brazil transaction.
ice has an option to invest an additional $150 million (“Step 2 investment”) to increase its ownership in Nextel Holdings to 60% from the current 30%. The original deadline to exercise the option was 15 November 2017 and completion remains conditional on NII Holdings, Inc. (NASDAQ: NIHD) shareholder approval.
For further information, please contact:
Johan Michelsen, Deputy CEO, ice group, tel: +47 410 87 000
Endre Aaberg Johansen, Corporate Communications AS, tel: +47 41 61 06 05, email: email@example.com