Nextel Brasil posts EBITDA loss in Q4 as revenues fall

Thursday 8 March 2018 | 16:47 CET | News

Nextel Brasil owner NII Holdings reported operating revenues of USD 189 million for the fourth quarter, down from USD 248 million a year earlier. The mobile operator's operating loss narrowed to USD 40 million from USD 57 million a year earlier, while the adjusted EBITDA loss reached USD 18 million versus breakeven in Q4 2016. 

The company ended the year with 2.90 million 3G/4G subscribers, a 3 percent increase year-over-year, while iDEN customers dropped to just under 350,000 from 823,000 in 2016. During the quarter, 26,800 new 3G/4G subscribers were added, with a churn of 3.47 percent. Subscriber migrations from the iDEN to the 3G/4G network were 23,500, the highest quarterly level reported for 2017. ARPU was USD 18 in Q4, down from USD 20 a year earlier. 

For 2018, the company expects total 3G/4G net subscriber additions of 300,000 or more, a moderately better adjusted EBITDA though still negative, and a similar level of capex.

Capex totaled USD 21 million for the fourth quarter of 2017 and USD 51 million for the full year. NII ended the year with USD 194 million in cash, down from USD 257 million at end-2016. 

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