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UPDATE 1-Latin American mobile service provider NII Holdings emerges from bankruptcy

"We will concentrate our future investments in Brazil where we see a promising long-term growth opportunity, while remaining focused on reducing expenses and maintaining a lean cost structure," NII Holdings Chief Executive Steve Shindler said in a statement. Last week, NII Holdings, a telecom operator for the Nextel brand in Brazil, gained U.S. court approval of...
Source: Reuters
Latin American mobile service provider NII Holdings emerges from bankruptcy

June 26- NISI Holdings Inc, a Latin American mobile service provider, said it has emerged from its Chapter 11 reorganization proceedings. As part of the plan, about 100 million shares of the company's new common stock and $745 million in cash will be distributed to holders of senior notes, NII Holdings said on Friday. The stock and cash will be issued by the NII...
Source: Reuters