|January 28, 2016||NII Holdings Announces Completion of Sale of Nextel Argentina|
|RESTON, Va., Jan. 28, 2016 /PRNewswire/ -- NII Holdings, Inc. (NASDAQ: NIHD) today announced it has completed the previously announced sale of its Argentine operations transferring the remaining 51% of its ownership interest to subsidiaries of Grupo Clarin. In connection with the sale, NII previously received $178 million of aggregate net proceeds, including $6 million of cash placed in escrow to secure specified indemnity obligations.
"This transaction is consistent with our strategy to co... |
|November 05, 2015||NII Holdings Announces Third Quarter 2015 Results|
|- Total net additions of 27,000 subscribers resulting in an ending base of 4.5 million subscribers
- 3G net additions of 231,000 subscribers resulting in an ending 3G base of 2.6 million subscribers
- Operating revenues of $285 million
- 3G revenues increased 73% year-over-year in local currency
- Consolidated adjusted operating loss before depreciation and amortization (adjusted OIBDA loss) of $25 million
- Quarter-end cash and short-term investments of $448 million and restricte... |
|September 14, 2015||NII Announces Strategic Alliance With Grupo Clarin In Argentina|
|- Grupo Clarin purchases a 49% equity interest in Nextel Argentina and an option to acquire the remaining 51% pending regulatory approvals
- Total consideration for the transaction is $178 million
RESTON, Va., Sept. 14, 2015 /PRNewswire/ -- NII Holdings, Inc. (NASDAQ: NIHD) today announced a strategic alliance with Grupo Clarin in Argentina. In connection with the transaction, Grupo Clarin acquired a 49% equity interest in Nextel Argentina and an option to acquire the remaining 51% equi... |
|August 24, 2015||NII Holdings Announces New President of Nextel Brazil and Appointment of Board Member|
|RESTON, Va., Aug. 24, 2015 /PRNewswire/ -- NII Holdings, Inc. (NASDAQ: NIHD), a provider of differentiated mobile communication services operating under the Nextel brand in Brazil and Argentina, announced today that Francisco Tosta Valim Filho has been appointed as President, Nextel Brazil, effective August 25, 2015. Mr. Valim will be employed by Nextel Telecomunicacoes Ltda., the Company's Brazilian operating subsidiary, and will report directly to NII's Chief Executive Officer, Steve Shindler... |
|August 07, 2015||NII Holdings Announces Second Quarter 2015 Results|
|-- Net loss of 64,000 subscribers, resulting in an ending subscriber base of 6.3 million
-- Consolidated operating revenues of $421 million
-- Consolidated adjusted operating loss before depreciation and amortization (adjusted OIBDA loss) of $75 million
RESTON, Va., Aug. 7, 2015 /PRNewswire/ -- NII Holdings, Inc. (NASDAQ: NIHD) today announced its consolidated financial results for the second quarter of 2015. The Company reported a net loss of 64,000 subscribers for the quarter as iDE... |
|July 09, 2015||NII Holdings Announces Listing on NASDAQ|
|RESTON, Va., July 9, 2015 /PRNewswire/ -- NII Holdings, Inc. today announced that The NASDAQ Stock Market has approved the listing of the Company's common stock on The NASDAQ Global Select Market under the trading symbol "NIHD." The Company's shares are expected to begin trading when the market opens today, Thursday, July 9, 2015.
About NII Holdings, Inc.
NII Holdings, Inc. is a provider of differentiated mobile communication services for businesses and high value consumers in Latin Ameri... |
|June 26, 2015||NII Holdings Emerges from Chapter 11 Reorganization|
|RESTON, Va., June 26, 2015 /PRNewswire/ -- NII Holdings, Inc. (OTC: NIHDQ) (the "Company") today announced that it has satisfied the conditions to the effectiveness of the First Amended Joint Plan Of Reorganization (the "Plan") of the Company and certain of its subsidiaries that was confirmed by the United States Bankruptcy Court for the Southern District of New York on June 19, 2015 and has successfully emerged from its Chapter 11 reorganization proceedings.
"This is an important day for NI... |