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AT&T Inc. said that it will buy bankrupt NII Holdings Inc's wireless business in Mexico for $1.875 billion, less outstanding net debt, Reuters reported today. NII Holdings, the parent of Nextel operators in Latin America, filed for bankruptcy protection in the U.S. in September after struggling with $5.8 billion in debt and fierce competition in Brazil and Mexico. AT&T plans to combine Nextel Mexico with Iusacell, which the company acquired in November for $1.7 billion. While Nextel Mexico has about 3 million subscribers, Iusacell, Mexico's third-largest wireless operator, has over 8 million subscribers.

C. Wonder LLC, the apparel shop founded by Christopher Burch after his split with ex-wife, fashion entrepreneur Tory Burch, has filed for chapter 11 protection to formally liquidate its operations after the business failed ever to turn a profit, Dow Jones Daily Bankruptcy Review reported today. Founded in 2011, the brand faced rivals in the incredibly competitive women's apparel sector that has recently ravaged a growing cohort of once-popular retailers. According to court documents, the company's finances have long been shaky. In 2012, C. Wonder logged a $46 million loss; the next year, losses hit $59 million and the corporate deficit was $133 million. In the first 11 months of 2014, the company's $51.1 million in sales resulted in $51.4 million in losses.