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Wireless

Nextel moves to positive OIBDA in Q3, to step up capital investment

Thursday 8 November 2018 | 17:11 CET | News
NII Holdings, the parent company of mobile operator Nextel Brasil, ended the third quarter of 2018 with operating revenues of USD 142 million, down 31 percent from a year earlier following the shutdown of its iDen network. Cost reductions helped drive positive adjusted OIBDA of USD 12.8 million, compared to a loss of USD 27.3 million a year ago.  

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Categories: Mobile & Wireless
Companies: Nextel
Countries: Brazil
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