Seeking Alpha

NII Holdings jumps after launching U.S. iPhone PTT service

  • NII Holdings (NIHD +7%) has added U.S. iPhone support for its PRIP push-to-talk (PTT) service, courtesy of an iOS app. Android support was added last July.
  • PRIP, which replicates the PTT functionality delivered by Sprint's iDEN network (shut down last year), costs $1.99/month (down from an initial $7.99/month), and works over 3G/4G and Wi-Fi networks.
  • With NII possessing a giant short interest (34% of float shorted as of Dec. 31), and many shorts holding huge paper profits, it doesn't take much for shares to pop. They took off on Friday following news of a Brazilian iPhone deal, even though heavy taxes and tariffs have crippled the iPhone's Brazilian share.
Comments (2)
  • Could be a possibility Apple may use some of their cash war chest to buy NIHD.
    21 Jan, 10:33 AM Reply Like
  • This was also part of today's jump.

     

    http://bit.ly/1dtJUlh
    21 Jan, 06:38 PM Reply Like
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