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2017 Press Releases


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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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May 10, 2017NII Holdings Reports 2017 First Quarter Results
- Operating revenues of $251 million for the first quarter -- 3G service and other revenues increased 6% year-over-year in local currency - Operating loss of $80 million for the first quarter -- First quarter results include $68 million of non-cash asset impairment charges - Adjusted operating income before depreciation and amortization (adjusted OIBDA) of $5 million for the first quarter, an improvement of $13 million year-over-year -- Fifth consecutive quarter of positive adjust... 
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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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