Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Sounds like Amended as follows:
https://cases.primeclerk.com/nii/Home-DownloadPDF?id1=ODAwNDU=&id2=0
Exhibit B
Amended Charter for Reorganization Holdings
Page 113 of 135
FOURTH: Authorized Shares
The total authorized number of shares of all classes of capital stock which the Corporation has authority to issue is one hundred fifty million (150,000,000) shares, divided into two classes as follows:
One hundred forty million (140,000,000) shares of common stock, par value $0.001 per share (the “Common Stock”); and Ten million (10,000,000) shares of preferred stock, par value $0.001 per share (the “Preferred Stock”).
Or just Google "Project Nova"...
Rumors on YMB, probably due to MSNBC mentioning that Google wants to enter Mexico and this article:
Google to launch own 'virtual' mobile phone network
http://www.theguardian.com/technology/2015/mar/02/google-launch-own-virtual-mobile-phone-network-nova
Google is planning to launch its own mobile phone network, the software and search firm has confirmed, as it plots a major business shift that will see the company move into supplying broadband connections across the planet
Details of what Google insiders are calling “Project Nova” were unveiled by Sundar Pichai, recently promoted as second in command to co-founder Larry Page, at the Mobile World Congress trade show in Barcelona.
The world’s largest mobile computing show also saw Facebook founder Mark Zuckerberg outline his strategy for connecting the four billion people worldwide who still have poor internet connections or simply live life offline, through his Internet.org project.
Subscribers of Google’s “virtual network” will be able to switch seamlessly between mobile phone and Wi-Fi signals, and between the masts of competing mobile phone networks, as their phones seek out the best signals.
Dropped calls may also become less of a nuisance, as phones will automatically try to redial the number should the communication be cut mid conversation.
Nova, which will begin life as a US project, is part of a wider move by Google from software into networks, and the company’s ultimate goal is to beam internet connections to the earth’s remotest reaches, where four billion people have poor internet connections or simply live offline.
“We are creating a backbone so we can provide connectivity,” said Pichai. “We will be working with carriers around the world so they can provide services over our backbone. We want to focus on projects which serve billions of users at scale and which make a big difference in their every day lives.”
Leaks in January suggested Google had already signed agreements for Nova with Sprint and T-Mobile in the US. Google will not put up its own masts but will buy airtime wholesale from networks and repackage it for Nova subscribers. The model is known as MVNO, or mobile virtual network operator. It is used by services such as Tesco mobile and would be relatively simple to expand into Europe and further afield.
Advertisement
Pichai claimed Google’s intention was not to compete with existing operators like AT&T, but to improve their performance by demonstrating what was possible.
He said the project would follow the same model as Google’s Nexus devices, low cost but high performance phones and tablets which are made in partnership with manufacturers such as Samsung and LG.
“We don’t intend to be a network operator at scale,” said Pichai. “All innovation in computing happens at intersection of hardware and software. That is why we do Nexus devices. We do it at enough scale to achieve impact. We are at a stage now where it is important to think about hardware software and connectivity together.”
Pichai set out plans to bring four billion people online. The company is experimenting with three methods of reaching remote or poorly served areas. With Project Link, Google is building a high speed fibre-optic network, which internet resellers can use to offer services to homes and businesses, in the Ugandan capital Kampala. Pichai said Link would now be rolled out to other parts of Africa.
Project Loon, in which helium-filled balloons are beaming out superfast 4G mobile internet, is nearing a commercial launch scheduled for 2016. Pilots are under way in Latin America with Telefonica, in New Zealand with Vodafone and in Australia with Telstra.
Pichai revealed Google’s balloons were now able to remain airborne for up to 200 days. When the project began two years ago, keeping the balloons airborne for more than five days was a challenge.
As many as 80 Google balloons were in the air at any one time in November, the company said, but numbers are increasing with 10 new balloons launched each week.
Finally project Titan, for which solar-powered glider planes developed by a US company acquired by Google last year will be able to beam out broadband to wide areas. The planes would be particularly suited to bringing emergency broadband to disaster zones.
“We think we can bring first-world connectivity to many rural areas,” said Pichai. “You can imagine planes and balloons which we can stitch together to create this mesh of floating cell towers. It sounds like science fiction at first but we’ve made tremendous progress.”
In a keynote speech on Monday evening, Facebook founder Mark Zuckerberg said internet drones and satellites were only a small part of getting the developing world online. Last year, Facebook snapped up Ascenta, a the Somerset, UK based maker of solar powered drones.
“Google have their balloons, we’re working on planes and satellites,” said Zuckerberg. “That’s at the fringe of the real work that is going on. 90% of people in the world live within range of a network already.”
Zuckerberg’s solution is Internet.org, a partnership with Samsung, Nokia and other telecoms groups to tempt more people online by allowing access to a selection of websites – including Facebook and Wikipedia – for free.
Since its beginnings last summer, Internet.org has launched in four African countries, Colombia, and in India last month. Zuckerberg has spent the last year travelling to Mexico, China, Indonesia, Colombia and India to promote his project.
Mobile networks have railed against the erosion of their profits from calls and text messages because of alternatives like WhatsApp, the messaging application bought by Facebook last year. But Zuckerberg used his appearance at Mobile World Congress to tender an olive branch, saying investment by traditional telecoms companies was the key to getting more people online.
“In order to grow the internet it’s expensive work and building all the infrastructure that needs to get built to connect everyone costs a lot of money,” he said. “The only way we can get to that is to grow the operator businesses faster.”
Another rumor... Google bidding for Nextel Mexico?! ;}~
Big fat YES! ;}~
Well if not today, any day now... ;}~
Now showing volume 43,800, E*Trade is such a tease ;}~
What?! For a brief second E*Trade Pro flashed +128% pre-market... hmmm ;}~
I see it as positive news. That number didn't come out of thin air. Maybe they are ramping up production! Wish they would specify what the money is going towards. ;}~
AT&T, Nextel Mexico inform Ifetel about acquisition plans
Tuesday 24 February 2015 | 19:40 CET | News
http://www.telecompaper.com/news/atandt-nextel-mexico-inform-ifetel-about-acquisition-plans--1067176
AT&T and Nextel have officially informed the country's telecoms regulator Ifetel about the agreement through which the US telco plans to buy Nextel Mexico for USD 1.875 billion, Jornada reports. The agreement between the two operators had been signed last month. The regulator will analyse the possible acquisition in the coming days, according to the report. AT&T said Nextel's network covers some 76 million people, helping it realise its goal of creating a unified North American network spanning the US and Mexico and covering over 400 million people. AT&T previously said that it expects to complete the acquisition of Nextel Mexico by mid-2015. AT&T had also completed the acquisition of Mexican mobile operator Iusacell in January 2015.
If it does 1/10th of AAMRQ I'll be a happy camper! ;}~
Stock is jumping because debtors lawyers are trying to get the bankruptcy dismissed? Sounds like it reading through the dockets... March is going to be very very interesting! ;}~
Tnx OptionsGeek! I am already following you! ;}~
Something definitely brewing behind closed doors! ;}~
Yes, and March is just around the corner!
Nextel Argentina Takeover On The Cards
http://www.totaltele.com/view.aspx?ID=489053
By Mary Lennighan, Total Telecom
Tuesday 24 February 2015
Private equity firms to acquire mobile operator next month, according to press report.
Rumours that Nextel Argentina is on the brink of being sold have resurfaced, with local media outlets reporting that a couple of private equity firms will broker a deal for the troubled telco in a matter of weeks.
Optimum Capital and Kingsley Capital will buy the mobile operator for an undisclosed amount, Argentine newspaper El Cronista reported late last week.
The deal will be agreed next month, the paper said.
Nextel Argentina has been on the block for some time. In June last year there were reports that Argentine businessmen Sergio Szpolski and Matías Garfunkel would make an offer, but no deal materialised. However, in August sister company Nextel Chile was sold to investment vehicle Fucata, which included Szpolski and Garfunkel's media company Grupo Veintitrés.
NII Holdings, operator of the Nextel brand, entered Chapter 11 bankruptcy protection the following month and reached a restructuring deal with creditors in November.
According to El Cronista, Nextel Argentina's new suitors are separately negotiating with the government to buy 3G and 4G mobile spectrum.
Thnx! Back at ya, #200 ;}~
Great News! Still hasn't hit IHub newswire? Can't wait to see the numbers! ;}~
What happened to the "Around IHub" box at the bottom of every message page, showing random comments from other message boards?
You may want to post this question on the American Airlines board (AAL). I know that call options were always a big question and topic of discussion throughout the bankruptcy process. Someone there may have an answer and experience with this. ;}~
Time to move forward! POR is in sight, with enough time to get'r done ;}~
GTAT looks good in green, you too, Reptos! ;}~
No worries here! June 30 is a long time away for any business.. plenty of time to find partners, made deals, gain business, etc...! ;}~
And am still adding shares when it falls :}~
YES! Just not much news to post on that board lately. They still have plenty of time to sell their furnaces and/or make money with Waree, not worried there either! ;}~
Me too! This will pop up next week with AT&T Purchase Agreement approval by bankruptcy court on Tuesday ;}~
Ha ha, great minds think alike! I already own that! ;}~
Yup, we have plenty of time to get there. Baby steps up to June 30! ;}~
Yes, same here! We reached our $.10 goal, what's our next goal? $.20? And that still seems awfully cheap! ;}~
No longer true. That was stated in the original plan, which got terminated after the Purchase Agreement from AT&T:
The Purchase Agreement terminates the plan.
From 8-k:
"Because the transactions pursuant to the Purchase Agreement are inconsistent with terms of the Plan Support Agreement, the Company has exercised its right to terminate the Plan Support Agreement in its existing form, and expects to engage with its major stakeholders in an effort to gain support for modifications to the Plan that will allow it and its subsidiaries to emerge from Chapter 11 reorganization."
M&A Analysis - AT&T Acquisition Spree Building Momentum - MAR 2015
Americas February 2015 / Mexico / Industry
http://www.telecomsinsight.com/ma-analysis-att-acquisition-spree-building-momentum-mar-2015
BMI View: Further deals could follow AT&T's acquisition of Nextel Mexico, as the former looks to shore up its presence in the wireline market, creating a strong converged service operator. The most important aspect of a deal for Nextel may be its spectrum holdings, which will help AT&T create a high quality mobile network and emerge as a strong threat to Am?rica M?vil.
Just over a week after AT&T completed the USD2.5bn acquisition of Mexico's third largest mobile operator Iusacell, the US telecoms giant has announced an additional deal to buy Nextel Mexico for USD1.875bn. Nextel Mexico is the fourth largest wireless provider in Mexico and is owned by the bankrupt NII Holdings. The acquisition critically excludes debt associated with Nextel Mexico and will add 2.829mn customers to AT&T's Mexican portfolio as well as additional spectrum, retail and network assets. AT&T expects the deal to go through in mid-2015 and will need regulatory approval in Mexico as well as court approval in New York as a result of Chapter 11 proceedings. We expect that the deal will proceed unhindered.
Awesome! Time to double down!
From the way CEO is talking, I think we will get a percentage of shares of Nextel when they exit bk and uplist. If that's not the case, we will hear it on an 8-k.
As far as how much, it all depends on the result of auction and price Nextel will trade on big board:
http://www.marketwatch.com/story/nii-holdings-announces-agreement-to-sell-nextel-mexico-2015-01-26
"We believe that the sale of Nextel Mexico represents an opportunity to reduce our operational risk, deliver value to our stakeholders and provide the liquidity that will position us to emerge from Chapter 11 reorganization with a healthy balance sheet and fund our business plan in Brazil. The sale also allows our Mexico team to continue to grow and thrive, capitalizing on the opportunities in the Mexican telecom market with the support of one of the largest telecom companies in the world," Shindler added.
Per 8-k:
The Purchase Agreement approved by the Bankruptcy Court by February 17, 2015.
The sale hearing by March 23, 2015.
The sale transaction is expected to close June 30, 2015.
I agree with PennyMoocher, more upside than down for this stock. I think $.20 is easily doable. If commons come out intact we could see $1 after the company emerges from bk. If we see an offer for Brazil, we are golden... way past $1.00. Still all too early to tell, we'll know more as auction nears. ;}~
Yes almost 2 years. AAMRQ went from $.25 to $11, then converted for .74 for every 1 share of AAL given in monthly distributions over 4 months ending at $40 a share.
If you had invested $1,000 in American's stock the day it filed for bankruptcy, you'd have $37,846.15
http://blogs.star-telegram.com/sky_talk/2013/11/if-you-had-invested-1000-in-americans-stock-the-day-it-filed-for-bankruptcy-youd-have-3784615.html
When American Airlines' parent company filed for bankruptcy almost two years ago, the stock plummeted.
Investors calculated that the stock would be worthless after the airline went through a court-ordered restructuring as is often the case in bankruptcies.
But if you had taken $1,000 and bought shares of AMR Corp. on November 29, 2011 when it was 26 cents a share and held on to them until today, you'd be sitting on a much bigger pile of cash. In fact, a $1,000 investment in AMR would be worth $37,846.15.
A significant part of that gain came on Monday when Attorney General Eric Holder made comments that the government was in settlement talks with American and its merger partner, US Airways. The U.S. Department of Justice had filed an antitrust lawsuit to stop the merger in August, but as the trial date of November 25 nears, a settlement may be in the offing.
With Holder's comments, the stock shot up almost 25 percent on Monday, closing at $9.84. Shares of AMR [ticker: AAMRQ] are traded in over-the-counter markets as the stock was unable to maintain listing requirements for the New York Stock Exchange after it filed for bankruptcy.
-Andrea Ahles
I didn't call you that! No way, no how... LOL! I wonder how soon we get past $.10! Boy that seems awfully cheap for a subsidiary AT&T is interested in!
YES! Very nice action!!! ;}~
Smells like roses to me... aaaahhhhhh! ;}~