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General

Nextel sheds 273,000 customers in Q1, posts USD 37 mln loss

Tuesday 10 May 2016 | 14:08 CET | News
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NII Holdings, which operates under the Nextel brand in Latin America, reported net subscriber losses of 273,000 for the first quarter, attributed above all to the challenging economic conditions and more intense competitive environment in Brazil. Consolidated operating revenues came in at USD 227 million, with an adjusted OIBDA loss of USD 8 million and an overall net loss of USD 36.6 million. Nextel Brasil's average monthly service revenue per subscriber (ARPU) was USD 16 in the first quarter, down from USD 23 a year earlier due above all to a 37 percent decline in the average value of the

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Categories: General
Companies: Cablevision / Nextel Argentina / Nextel Brasil / NII Holdings
Countries: Latin America
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