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January 08, 2018NII Holdings Announces Completion Of Loan Amendments And Release Of Performance Bonds
RESTON, Va., Jan. 8, 2018 /PRNewswire/ -- NII Holdings, Inc. (NASDAQ: NIHD) today announced that it obtained final approval from China Export and Credit Insurance Corporation (Sinosure) for the amended credit facilities that Nextel Brazil executed with China Development Bank (CDB) in October 2017 and that the amended CDB credit facilities and amended credit facilities with Banco do Brasil S.A. (BdB) and Caixa Econômica Federal (together, the Amendments) are effective. The Amendments provide s... 
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November 09, 2017NII Holdings Reports 2017 Third Quarter Results
RESTON, Va., Nov. 9, 2017 /PRNewswire/ -- Operating revenues of $205 million for the third quarter Operating loss of $83 million for the third quarter Third quarter results include $39 million of non-cash asset impairment and restructuring charges Adjusted operating loss before depreciation and amortization (adjusted OIBDA loss) of $37 million for the third quarter Quarter-end unrestricted cash and short-term investments of $260 million and $110 million of cash... 
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November 01, 2017NII Holdings Announces Signing Of Amendments To Nextel Brazil Loan Agreements
- Amendments provide amortization and covenant relief -- Deferral of substantially all principal payments for 48 months -- Holiday for financial covenant compliance until June 30, 2020 - New collateral granted to all lenders - Finalization subject to approval by China's export and credit insurance corporation (Sinosure) RESTON, Va., Nov. 1, 2017 /PRNewswire/ -- NII Holdings, Inc. [NASDAQ: NIHD] today announced that its Brazilian operating subsidiary, Nextel Telecomunicações Ltda. ... 
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August 09, 2017NII Holdings Reports 2017 Second Quarter Results
- Announces extension of standstill agreements and preliminary non-binding agreements with bank lenders on key terms for loan amendments - Updates guidance for operational free cash burn - Operating revenues of $225 million for the second quarter -- 3G service and other revenues remained constant year-over-year in local currency - Operating loss of $69 million for the second quarter -- Second quarter results include $54 million of non-cash asset impairment and restructuring charge... 
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July 24, 2017NII Holdings announces completion of $50 million investment by AINMT for 30% stake in Nextel Brazil
RESTON, Va., July 24, 2017 /PRNewswire/ -- NII Holdings, Inc. (NASDAQ: NIHD) ("NII") and AINMT Holdings AB ("AINMT"), an international telecommunications company and parent of the Norwegian operator ice, the fastest growing mobile network operator in Norway, announced today that AINMT completed its first investment of $50 million for a 30% stake in Brazilian mobile telecommunications company Nextel Brazil. As previously announced, AINMT has an option, exercisable by November 15, 2017, to inv... 
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June 06, 2017NII Holdings and AINMT announce partnership to invest in Nextel Brazil's growth strategy
- The partnership is expected to provide Nextel Brazil with increased liquidity to revitalize the business - A new data-centric growth strategy for Nextel Brazil, building on the strengths of both parties - Strong brand position, top net promoter score rankings and highly valuable assets enable Nextel to generate profitable growth - AINMT brings seasoned operating telecom team and successful business model - Backing of AINMT's majority shareholder, Access Industries RESTON, Va., J... 
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May 17, 2017Board Of Directors Of NII Holdings Issues Statement
RESTON, Va., May 17, 2017 /PRNewswire/ -- The Board of Directors of NII Holdings, Inc. [NASDAQ: NIHD] has issued the following statement to the stockholders of the Company: Effective May 17, 2017, Ricardo Knoepfelmacher has stepped down from the Corporate Governance and Nominating Committee of the Board of Directors.  Robert Schriesheim, an independent member of the Board of Directors, has joined the Corporate Governance and Nominating Committee. In addition, over the last 12 months the Co... 
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