NII Holdings Agrees to Sell Nextel Peru for $400M

NII Holdings (NASDAQ: NIHD ) today announced that it has agreed to sell its Peruvian operations to Empresa Nacional de Telecomunicaciones S.A. (Bolsa de Comercio de Santiago: ENTEL) for approximately $400 million. (Logo: http://photos.prnewswire.com/prnh/20110919/FL70458LOGO ) The transaction, which is structured as a purchase of the shares of NII's indirect subsidiary, Nextel