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2016 Press Releases


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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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January 28, 2016NII 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... 
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