SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
Current Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report
(Date of earliest event reported):February 7, 1997 (January 30, 1997)
NEXTEL COMMUNICATIONS, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-19656 36-3939651
State or other jurisdiction (Commission File (I.R.S. Employer
of incorporation) Number) Identification No.)
1505 Farm Credit Drive, Suite 100, McLean, Virginia 22102
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (703) 394-3000
(Former name or former address, if changed since last report)
<PAGE>
Item 5. Other Events.
Nextel Communications, Inc. issued a press release on January 30, 1997
regarding the acquisition of SMR operations in Brazil and change of its NASDAQ
ticker symbol to NXTL, which press release is attached hereto as Exhibit 99.1
and is hereby incorporated by reference. Year-end 1996 analog units and service
did not demonstrate material movement from last reported information and were
approximately 814,199 units at year-end 1996.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(A) Financial Statements of Business Acquired.
Not applicable.
(B) Pro Forma Financial Information.
Not applicable.
(C) Exhibits
Exhibit No. Exhibit Description
99.1 Press Release dated January 30, 1997
<PAGE>
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
NEXTEL COMMUNICATIONS, INC.
Date: February 7, 1997 By: /s/Thomas J. Sidman
Thomas J. Sidman
Vice President and General Counsel
<PAGE>
Exhibit No. Exhibit Description
99.1 Press Release dated January 30, 1997
EXHIBIT 99.1
[LOGO] Nextel Communications, Inc.
1505 Farm Credit Drive
McLean, VA 22102
703 394-3000
For Immediate Release
Contact:
Media: Bob Ratliffe (206) 979-4254
Analysts/Investors: Paul Blalock (703) 394-3500
NEXTEL CLOSES ACQUISITION OF BRAZIL'S LARGEST SMR OPERATOR
- Plans Move Forward to Deploy iDEN in Latin America -
- Company also Changes NASDAQ Symbol from CALL to NXTL -
McLEAN, VA - January 30, 1997 - Nextel Communications, Inc. (NASDAQ: CALL /
NXTL) today announced that it has closed the acquisition of 81 percent of the
stock of Wireless Ventures of Brazil, Inc., (to be renamed McCaw International
(Brazil), Ltd.) the largest specialized mobile radio (SMR) operator in Brazil,
for approximately $186 million in Nextel stock which the company announced
October 29, 1996.
The purchase represents a price of approximately $4 for each of the 60 million
potential customers residing in the major metropolitan areas McCaw International
(Brazil) may provide wireless service. The license coverage area includes each
of the top 10 cities in Brazil, which is Latin America's largest economy,
including Sao Paulo, Rio de Janeiro and Belo Horizonte. Brazil reportedly has a
waiting list of 1.5 million people for wireless service.
"We believe the Brazilian market represents an outstanding opportunity for our
growing wireless operations around the world," said Keith Grinstein, chief
executive officer of McCaw International, Ltd., a wholly owned subsidiary of
Nextel. "The iDEN technology that we intend to deploy allows us to not only
bring this important market a high quality trunked voice service but a complete
package of valuable wireless services for business to business communications.
We can have a material impact on people's productivity with the powerful
combination of digital trunking, two-way radio dispatch and alphanumeric
paging."
The closing of this transaction gives Nextel and its affiliated companies the
largest wireless reach in the Western Hemisphere. Nextel now owns 800 MHz
licenses covering the continental United States and Hawaii, most of Canada
through its ownership interest in Clearnet Communications, Inc. (NASDAQ: CLNTF),
significant portions of Mexico through its ownership interest and controlling
position in Mobilcom, and significant regions of Argentina. Worldwide, Nextel,
together with the entities in which it has a significant equity ownership
position, will have spectrum holdings with a potential reach of more than 479
million people.
The company, which originally was formed under the name "Fleet Call Inc.," also
announced that it is changing the company's NASDAQ symbol from "CALL" to "NXTL"
effective Monday, February 3, 1997.
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Note to Editors: Nextel is a trademark of Nextel Communications, Inc.
iDEN is a trademark of Motorola, Inc.
