Nextel Q2 results fall short of expectations

Monday 10 August 2015 | 10:18 CET | News
NII Holdings reported a net loss of 64,000 subscribers in the second quarter, as the weak economic climate in Brazil led to fewer customer additions than hoped. NII, which operates under the Nextel brand, said it lost more customers in Brazil and Argentina on its Iden network than it gained on the new 3G network in Brazil. The total customer base was still up 2 percent from a year earlier to 6.3 million, excluding its Mexican operations sold to AT&T at the end of April. Operating revenues totaled USD 421 million, down from USD 586.9 million a year ago, and adjusted OIBDA was a loss of USD 75

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Categories: Mobile & Wireless
Companies: Nextel
Countries: Brazil
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