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April 25, 2017NII Holdings Announces Change To Nextel Brazil Management Team
RESTON, Va., April 25, 2017 /PRNewswire/ -- NII Holdings, Inc. [NASDAQ: NIHD] (the "Company"), today announced that Roberto Rittes has been appointed as Nextel Brazil's new CEO. Mr. Rittes, 43, brings over a decade of senior level experience, having served as a key officer for Brazilian telecom companies Brasil Telecom and Oi Paggo. Most recently, Mr. Rittes was a principal at H.I.G. Capital, a leading global private equity investment firm, from 2016 to 2017. Mr. Rittes holds an M.B.A. from Harv... 
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March 09, 2017NII Holdings Reports 2016 Fourth Quarter And Year-End Results
- Operating revenues of $248 million for the fourth quarter and $985 million for the full year -- 3G service and other revenues increased 24% year-over-year in local currency - Operating loss of $57 million for the fourth quarter and $1.53 billion for the full year -- Full year results include $1.35 billion of non-cash asset impairment charges - Adjusted OIBDA of $0.2 million for the fourth quarter and $22 million for the full year, an improvement of $177 million year-over-year --... 
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March 01, 2017NII Holdings Announces Amendments To Credit Agreements And Receipt Of Bank Covenant Waivers In Brazil
RESTON, Va., March 1, 2017 /PRNewswire/ -- NII Holdings, Inc. [NASDAQ: NIHD] today announced that Nextel Brazil, its wholly-owned operating subsidiary, entered into amendments to its credit agreements with Banco do Brazil and Caixa Econômica Federal. Additionally, Nextel Brazil has secured waivers from each of these lenders related to certain financial covenants in its local bank loans. The amendments provide, among other things, a 120-day standstill period effective March 2, 2017, during wh... 
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November 14, 2016NII Holdings Reports Third Quarter 2016 Results
- Operating revenues of $261 million for the third quarter -- 3G revenues increased 7% year-over-year in local currency - Operating loss of $1.4 billion for the third quarter, primarily due to a $1.31 billion non-cash asset impairment charge - Adjusted OIBDA of $16 million for the third quarter, an improvement of $40 million year-over-year -- Third consecutive quarter of positive adjusted OIBDA in Brazil - Quarter-end cash and short-term investments of $312 million, and $203 milli... 
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August 11, 2016NII Holdings Reports Second Quarter 2016 Results
Company Also Announces Receipt of Bank Covenant Waivers and Roaming and RAN Sharing Agreement in Brazil - Operating revenues of $249 million for the second quarter -- 3G revenues increased 17% year-over-year in local currency - Operating loss of $29 million for the second quarter, an improvement of $169 million year-over-year - Adjusted OIBDA of $14 million for the second quarter, an improvement of $109 million year-over-year -- Second consecutive quarter of positive adjusted OIBD... 
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May 10, 2016NII Holdings Announces 2016 First Quarter Results
- Consolidated operating revenues of $227 million for the first quarter -- 3G revenues increased 25% year-over-year in local currency - Consolidated adjusted operating loss before depreciation and amortization (adjusted OIBDA loss) of $8 million for the first quarter -- First quarter results represent a $10 million year-over-year improvement - Year-end cash and short-term investments of $368 million and $227 million of cash held in escrow - First quarter net subscriber losses of 2... 
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March 03, 2016NII Holdings Announces 2015 Fourth Quarter And Year-End Results
- Fourth quarter net subscriber losses of 121,000 resulting in an ending base of 4.3 million subscribers - Fourth quarter 3G net subscriber additions of 77,000 resulting in an ending 3G base of 2.8 million subscribers - Consolidated operating revenues of $245 million for the fourth quarter and $1.2 billion for the full year - 3G revenues increased 104% year-over-year in local currency - Consolidated adjusted operating loss before depreciation and amortization (adjusted OIBDA loss) of... 
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