Dec 9- NII Holdings Inc, which provides telecom services under the Nextel brand in Latin America, said it would cut more than 1,400 jobs in its market operations and over 25 percent of the workforce at its Virginia headquarters. NII, which operates in Mexico, Brazil, Argentina and Chile, had about 16,100 employees as of December 2012.
Dec 9- NII Holdings Inc, which provides telecom services under the Nextel brand in Latin America, said it would cut more than 1,400 jobs in its market operations and over 25 percent of its workforce at its Virginia headquarters.
Dec 4- SBA Communications Corp said it would acquire 2,007 telecom towers from Brazil's Grupo Oi SA for about 1.53 billion reais, giving the U.S. company ownership or control over more than 5,000 towers in Brazil.
*Third-quarter earnings $1.74/ share vs est. Oct 31- NII Holdings Inc, which provides telecom services under the Nextel brand in Latin America, said it would miss its full-year profit forecast, mainly due to subscriber losses in Mexico and higher investments in its 4 G network.
Oct 31- NII Holdings Inc, which provides telecom services under the Nextel brand in Latin America, said it will miss its full-year adjusted operating profit forecast, largely due to subscribers losses and higher investments.
*Deal will increase American Tower's tower count by 25 pct. *American Tower CEO says open to more acquisitions. Sept 6- American Tower Corp said it would buy the parent of telecom tower operator Global Tower Partners for $3.3 billion as it seeks a bigger share of the billions of dollars that U.S. telecom carriers are spending to upgrade their networks.
Sept 6- American Tower Corp said it would buy privately held MIP Tower Holdings LLC, the parent of telecom tower operator Global Tower Partners, in a $4.8 billion deal to take advantage of the roll-out of 4 G wireless network in the United States. American Tower said it would pay about $3.3 billion in cash and assume about $1.5 billion of debt.
Morgan Stanley has identified some 40 stocks that could be candidates for tender offers in the next 12 months using its new quantitative model.
NII Holdings has been bearish for a long time, but now buyers are betting that it’s due for a bounce.
One analyst for TheStreet.com take a closer look at several stocks under $10 that were making large moves to the upside on Thursday.
Oct 4- NII Holdings Inc:. *Names juan r. figuereo as chief financial officer. *Says figuereo will replace gokul hemmady.
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The NASDAQ Composite is continuing to lead its peers. Not only is the NASDAQ Composite up for its fifth consecutive day today, but the tech-driven index is also outperforming the major U.S. indexes month-to-date, up almost 4.3% as of late Thursday afternoon.
Despite a pull back in the U.S. equity markets last week, the S&P and Nasdaq Composite are having their best September since 1998 so far, while the Dow is on track for its biggest % gain in September since 2007. Even though September ranks as the worst month historically on average for all three indices, the Nasdaq Composite has traded up 12 sessions out of 19 as of Monday's close while the Dow and S&P have finished up 11 days of 19.