Form 10-Q NII HOLDINGS INC For: Jun 30
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Go back to Form 10-Q NII HOLDINGS INC For: Jun 30
August 12, 2014 3:58 PM EDT
Moody's Investors Service ("Moody's") has downgraded the corporate family rating (CFR) of NII Holdings (NASDAQ: NIHD) to Caa2 from Caa1. The downgrade reflects Moody's expectation that bankruptcy filing is more likely as a result of the company's inability to find a strategic solution to extend its liquidity. The company is currently not in compliance with certain financial covenants in its existing debt obligations which could trigger an event of default for up to $4.4 billion of debt issued by intermediate holding companies NII Capital Corp. ("NII Capital") and NII International Telecom S.C.A... More
August 11, 2014 5:48 PM EDT
NII Holdings, Inc. (NASDAQ: NIHD) reported Q2 EPS of ($3.65), $1.35 worse than the analyst estimate of ($2.30). Revenue for the quarter came in at $969 million versus the consensus estimate of $948.1 million.
The Company reported a net loss of 77,000 subscribers for the quarter, bringing its quarter-end... More
