2017 Press Releases
|March 09, 2017||NII 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
|March 01, 2017||NII 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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