NII Holdings, Inc. (NasdaqGS:NIHD) is expecting to receive offers for Nextel Telecomunicações Ltda., in September 2018, one person with knowledge of the matter said on August 7, 2018, as a long-awaited consolidation in Brazilian telecoms shows signs of kicking off. The source, who asked for anonymity since discussions are private, said Telefônica Brasil S.A. (BOVESPA:VIVT4) is among the interested parties in Nextel Brazil, alongside Tim Participações S.A. (BOVESPA:TIMP3) and Claro S.A. Access Industries, Inc. is also interested in increasing its stake in Nextel Telecomunicações. Representatives for TIM Participacoes, NII, and Claro did not immediately respond to requests for comment on August 7, 2018.

Representatives for Telefonica Brasil have previously declined to comment, while Access Industries has not responded to comment requests. NII's Chief Financial Officer, Daniel Freiman confirmed during an earnings call with analysts on August 7, 2018, a Reuters report on the unit sale, adding Rothschild & Co was advising on the process. Daniel Freiman declined to comment during the call on potential bidders, saying only that “strategic discussions” were ongoing.