NII Reports Financials, Nextel Brazil to Shut Down iDEN Next Quarter
Tuesday, May 08, 2018 | Comments

NII Holdings announced its financial results for the first quarter of 2018. For the quarter, the company generated consolidated operating revenues of $181 million and a consolidated operating loss of $14 million. Capital expenditures were $8 million for the quarter.

For the first quarter, Nextel Brazil reported 92,900 net subscriber additions, a 66,100 subscriber increase compared with the fourth quarter of 2017 and the highest level of 3G/4G net adds in more than two years. In addition, 3G/4G churn for the first quarter was 2.37 percent, a 110-basis point decrease compared with the fourth quarter of 2017 and the lowest level of 3G/4G churn in more than three years. Subscriber migrations from Nextel Brazil’s iDEN network to its 3G/4G network were 34,800, an 11,300 subscriber increase compared with the fourth quarter of 2017.

"Looking ahead, we will continue to focus on generating healthy subscriber growth on our 3G/4G platform," said Roberto Rittes, CEO of Nextel Brazil. “We expect the shutdown of our iDEN network in the second quarter will have some impact on our results, but we remain on track to meet our guidance for the year."

For the first quarter, Nextel Brazil's average monthly service revenue per subscriber (ARPU) was $17, cost per gross addition (CPGA) was $77 and cash cost per user (CCPU) was $16.

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