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.  

Capex amounted to USD 18 million in the quarter, and the operator said it was planning to bring forward some investments planned for early 2019 in order to support the positive operating trends. At the end of the period, the company had USD 307 million in cash resources available, including USD 201 million in unrestricted casg and securities.

Nextel Brasil reported 3G/4G net subscriber additions of 85,700 for the quarter, compared to a loss of 32,300 in the year-earlier period, and 3G/4G churn fell to 2.68 percent (-136%). ARPU of USD 14 was down from USD 19 a year ago. The operator ended the quarter with 3.2 million 3G/4G subscribers, up 13 percent year-on-year. 

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Categories: Mobile & Wireless
Companies: Nextel
Countries: Brazil
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