- NII Holdings (NASDAQ:NIHD) has jumped 14.1% after a Reuters report that says the company's hired advisers to sell its Nextel operations in Brazil.
- The company's hired Rothschild to help it unload a 70% stake.
- Potential buyers include Telefonica Brasil (VIV +1.2%) and Access Industries, which holds another 30% stake (which might be included in a forced sale if Access doesn't buy it all).
- Nextel Brazil has 3M subscribers but poor earnings.