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Fly News Breaks for September 25, 2018
TSU, NIHD
Sep 25, 2018 | 09:25 EDT
Cowen credit research analyst Lance Vitanza noted news reports suggesting TIM Participacoes (TSU) may be close to bidding for Nextel Brasil, the Brazilian wireless communications company owned by NII Holdings (NIHD). The analyst said while unconfirmed, in his opinion it makes sense and he remains constructive on NII shares. He believes a bid is worth at least $2.5B, which would translate into $14 a share or more for NII Holdings shares.
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