NII Holdings (NIHD) Swings to Q2 Profit

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NII Holdings Announces Second Quarter 2015 Results

August 7, 2015 4:05 PM EDT

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 iDEN subscriber losses in Brazil and Argentina exceeded 3G net additions in Brazil.  The Company ended the quarter with 6.3 million total subscribers, a 2 percent increase from a year ago. For the quarter, the Company generated consolidated operating revenues of $421 million, a consolidated adjusted OIBDA loss of $75 million, and a... More