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February 16, 2010

Televisa Buys 30% Nextel stake for $1.44 billion

NII Holdings and Grupo Televisa announced that they have signed an agreement under which Televisa will acquire an equity stake in NII Holding's operating subsidiary in Mexico, Comunicaciones Nextel de Mexico. The investment amount was $1.44 billion in cash for an initial 30% equity stake in Nextel Mexico. Additional 7, 5% option for the future.