Tufenk's  Instablog

Send Message
Experienced tech investor, real estate and banking experience.
My blog:
  • Tower Sector Vibrant In Lat Am 2 comments
    Jul 22, 2013 8:03 AM | about stocks: NIHD, SBAC, GOOG, OIBR, AMT

    Last week, SBA Communications (NASDAQ:SBAC) announced a deal to license the exclusive use of 2113 towers in Brazil from Oi SA (NYSE:OIBR), one of Brazil's largest telecommunications service providers, for $306 million. This happened in spite of the negative coverage by Muddy Waters on American Tower (NYSE:AMT) and their Brazilian tower transactions.

    We believe that the tower deal that NII Holdings (NASDAQ:NIHD) has been negotiating will also be completed, although it may be delayed until later this year. The Mexico constitutional amendment for competition in telecom will also play a major role in a growth strategy for Nextel Mexico.

    "Mexican legislation aimed at boosting competition in the telecommunications industry, by allowing foreigners to hold majority stakes in local units, is "a good trend," Shindler said. NII, which has 4 million customers in Mexico, will double its target market to 50 million with the introduction of smart phones, he said."

    Bloomberg did an interview on the impacts of the amendment which we recommend watching. Additionally in Mexico, NIHD announced its Android push to talk app PRIP together with Google's (NASDAQ:GOOG) Motorola. The Android app store has given the app positive reviews. This could develop into a nice revenue stream for NIHD.

    Disclosure: I am long NIHD.

Back To Tufenk's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (2)
Track new comments
  • Tufenk
    , contributor
    Comments (935) | Send Message
    Author’s reply » Could $GOOG be structuring strategic deal with $NIHD similar to that announced with $HIMX today?
    22 Jul 2013, 02:39 PM Reply Like
  • Tufenk
    , contributor
    Comments (935) | Send Message
    Author’s reply » Will $AMOV stop Telefonica deal or look for deals closer to home like pieces of $NIHD ?
    29 Jul 2013, 07:07 AM Reply Like
Full index of posts »
Latest Followers


More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.