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NIi Holdings reaches debt restructuring agreement

2015-03-06 14:43:00| Telecompaper Headlines

(Telecompaper) Latin American mobile operator NII Holdings announced that the mobile operator reached an agreement with the holders of over 70 percent of the senior notes issued by each of NII Capital Corp and NII International Telecom, and the official committee of unsecured creditors regarding the terms of a revised plan of reorganisation to be implemented in the group's Chapter 11 cases. The new agreement replaces that entered into on 24 November 2014, which was terminated following the agreement in January to sell Nextel Mexico to AT&T. Under the terms of the revised plan, NII Holdings will implement a consensual reorganisation of the NII debtors following the completion of the proposed sale of the company's operations in Mexico.

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