Telefonica (TEF) and NII Holdings (NASDAQ: NIHD) have signed agreements whereby Telefonica will provide NII's subsidiaries, operating under the Nextel brand in Brazil and Mexico, nationwide voice and data coverage services on Telefonica's 3G wireless networks. When implemented, the agreements will expand the areas in which Nextel customers using 3G services in Brazil and Mexico can access voice and data services, supporting NII's growth strategy. Both companies will work closely to implement the agreements as soon as possible. Telefonica and NII's subsidiaries will continue to manage their spectrum and network assets separately to provide competing services.Elliott Management Corporation, which owns 6.2% of the common stock of Juniper Networks, Inc. (NYSE: JNPR), filed a Schedule 13D and released a presentation Monday entitled "Juniper Networks: Elliott Management's Perspectives," available at http://www.new-juniper.com. "Juniper's new CEO along with its existing management team and Board have a unique opportunity to immediately unlock significant value at the Company through three straightforward and much-requested courses of action," said Jesse Cohn, Portfolio Manager at Elliott. "Investors and Street analysts have been calling for Juniper to implement these value-creation initiatives for years, and we believe the three-pronged approach laid out in today's presentation would be very well received."
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