NII Holdings (NIHD) Reports Q1 Loss of $0.96, Revenues Miss

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NII Holdings Reports 2018 Second Quarter Results

August 7, 2018 7:00 AM EDT

RESTON, Va., Aug. 7, 2018 /PRNewswire/ -- NII Holdings, Inc. [NASDAQ: NIHD] today announced its financial results for the second quarter of 2018. For the quarter, the Company generated consolidated operating revenues of $156 million, a consolidated operating loss of $20 million and break-even consolidated adjusted OIBDA. The Company's consolidated adjusted OIBDA excludes the impact of non-cash asset impairments and restructuring charges. Capital expenditures were $15 million for the quarter.

For the second quarter of 2018, Nextel Brazil reported 3G/4G net subscriber additions of 65,700 and 3G/4G churn of 2.75%, a... More