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Nextel Q2 loss widens as competition bites, seeks new deal with bank lenders

Wednesday 9 August 2017 | 16:03 CET | News
NII Holdings, owner of mobile operator Nextel Brasil, ended the second quarter of 2017 with operating revenues of USD 225.1 million, down from USD 249.2 million a year earlier. After restructuring and impairment charges of USD 54 million, the company recorded an operating loss of USD 69 million, versus a loss of USD 29 million a year earlier. Cash burn was reduced to USD 1 million in the quarter, and the company announced a preliminary agreement to delay payments on its bank loans. 

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Categories: Mobile & Wireless
Companies: Nextel
Countries: Brazil
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