Goldman Sachs Suggests Buying Calls on NII Holdings

Goldman Sachs is out with a research report this morning, where it suggests that traders buy calls on NII Holdings, Inc. NIHD ahead of earnings. GS Latin America Telecom analyst Lucio Aldworth expects Buy rated NIHD estimates to move higher as the market sees early evidence that iDEN/3G upgrades are successful this quarter. Strong trends for NIHD are currently driven by subscriber growth in emerging markets, yet NIHD has the potential to dramatically shift the pace and composition of subscriber growth if the 3G upgrade is successful. Goldman suggests buying the August $41.00 call for $1.95. NII Holdings, Inc. provides wireless communication services under the Nextel brand through operating companies located in selected Latin American markets, with its principal operations located in Mexico, Brazil, Argentina, Peru and Chile. Nextel Direct Connect is a long-range walkie-talkie service for communication. NII Holdings offers a range of wireless data solutions.