NII Holdings Inc fka NIHDQ

[PinkBu]

I find it interesting that the $1.8 billion dollar offer will allow the company to emerge from bankruptcy. I thought the company held a larger amount of debt than that. I've never been involved with a Chapter 11 subsidiary sale, this is my first and I would think commons will either get cash for their shares, transfer to T, or emerge with the company. We should hear more specific numbers as the June 30th deadline approaches.

http://www.bizjournals.com/washington/blog/techflash/2015/01/at-t-buys-nii-holdings-mexico-business-for-1-9b.html
"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," said NII Holdings chief executive Steve Shindler.

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."