NII Holdings Inc, which provides telecom services under the Nextel brand in Latin America, said it would offer Apple Inc's iPhone 5S and iPhone 5C to its customers in Brazil, sending its shares up 25 percent before the bell. NII has been facing stiff competition from Telefonica Brasil SA and billionaire Carlos Slim's America Movil as they lure NII's higher-paying business customers with unlimited call plans and faster and bigger networks.NII, which targets businesses in Mexico, Brazil, Argentina and Chile, said in December it would cut jobs as part of a restructuring plan aimed at regaining market share.Shares of the company were up 25 percent at $2.97 in premarket trading on Friday.
NII Holdings, Inc. (NII Holdings) is a holding company for the operations of Nextel Communications, Inc. Shares of NIHD remained unchanged at $2.40. In the past year, the shares have traded as low as $1.90 and as high as $9.82. On average, 6052760 shares of NIHD exchange hands on a given day and today's volume is recorded at 201330.
Telefonica Brasil SA, formerly Telecomunicacoes de Sao Paulo SA - Telesp, is a Brazil-based company engaged in the telecommunications sector. Shares of VIV remained unchanged at $20.10. In the past year, the shares have traded as low as $17.91 and as high as $27.71. On average, 1484880 shares of VIV exchange hands on a given day and today's volume is recorded at 300.
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