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)
  • The Deep Value Investor
    , contributor
    Comments (299) | Send Message
    Could be a possibility Apple may use some of their cash war chest to buy NIHD.
    21 Jan 2014, 10:33 AM Reply Like
  • EnricoPalazzo
    , contributor
    Comments (13) | Send Message
    This was also part of today's jump.

    21 Jan 2014, 06:38 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs