Simpson Thacher Represents Empresa Nacional de Telecomunicaciones in $400 Million Acquisition of Nextel del Perú
04.08.13
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The Firm represented Empresa Nacional de Telecomunicaciones S.A. (“Entel”) in connection with its $400 million acquisition of the Peruvian operations of NII Holdings, Inc. (NASDAQ: NIHD) (“NII”). The transaction is structured as a stock purchase of Nextel del Perú S.A., a wholly owned subsidiary of NII, and is expected to close during the second half of the year.
Entel, with revenues of approximately $3 billion in 2012, is the largest telecommunications company in Chile, and provides mobile and wireline services. Entel, which already has a presence in Peru via its Americatel Perú subsidiary, is listed on the Chilean Stock Exchange under the ticker symbol ENTEL, and is headquartered in Santiago, Chile.
The Simpson Thacher team includes David Williams, Edward Chung, Borja Marcos and Kim de Glossop (M&A); Jonathan Talansky (Tax); and Marcela Robledo (Intellectual Property).