RESTON, Va.-Former Nextel Communications Inc. subsidiary NII Holdings Inc. said it plans to restate financial reports for full year 2003 and the first nine months of 2004 after its audit committee found possible accounting errors. The errors include $20 million in income tax computational...
Nextel Communications Inc. reported a deal with Motorola Inc. to repurchase 6 million shares of Nextel's Class B common stock for $23.50 per share, or an aggregate purchase price of $141 million. The deal follows similar divestitures by Motorola of Nextel's common stock and...
RESTON, Va.-Nextel Communications Inc. unveiled International Direct Connect walkie-talkie service between Nextel and NII Holdings Inc. customers in the United States, Brazil, Argentina, Peru, and between Nextel and Telus Mobility customers in the United States and Canada. Nextel and NII said they plan to...
RESTON, Va.-NII Holdings, which offers iDEN-based wireless service in several Latin American countries and which is partially owned by Nextel Communications Inc., reported first-quarter results Thursday. The company said operating revenues hit $277 million, a 36-percent increase compared with the year-ago quarter. The company...
MINNEAPOLIS-ADC announced NII Holdings Inc. has chosen its Metrica performance management software to monitor the quality of wireless services for business customers in Latin America. Quality-of-service data will be collected from a centralized server in Mexico, offering end users from NII subsidiaries in Argentina,...
BOSTON-American Tower Corp.'s fourth-quarter 2003 earnings reported today were in line with analyst expectations.The company said revenues totaled $191.5 million, up from $177.4 million for the fourth quarter 2002. Net loss decreased to $51.2 million, or 23 cents per share, compared with $52.4 million,...
RESTON, Va.-NII Holdings, which provides mobile communications services in Latin America and is partly owned by Nextel Communications Inc., said it filed Dec. 5 with the Securities and Exchange Commission a registration statement for the resale by selling security holders of notes and underlying...
Sprint PCS' recently launched Ready Link walkie-talkie service drew mixed performance reviews last week from industry analysts who noted that while the service was superior in many ways to Verizon Wireless' similar Push-to-Talk offering, it fell short of Nextel Communications Inc.'s Direct Connect service,...
RESTON, Va.-NII Holdings, which operates iDEN-based networks in Mexico, Brazil, Argentina and Peru, said it will expand its portfolio of handsets with new models from Motorola Inc. The new handsets, also launched by Nextel Communications Inc. and Southern LINC in the United States, include...
Nextel Communications Inc. Chief Executive Officer Tim Donahue admitted that while the wireless industry will encounter bumps associated with the impending local number portability mandate, he expects Nextel to gain market share following the Nov. 24 implementation date."We believe Nextel will be a beneficiary...
RESTON, Va.-NII Communications Inc. plans to sell 3 million shares of NII Holdings Inc. in a secondary offering for $70.50 per share generating $211.5 million in proceeds. Nextel owns approximately 31 percent of NII Holdings' shares.NII Holdings was formerly known as Nextel International Inc....
Nextel Communications Inc. said its Nationwide Direct Connect service is now available in the northern region of Baja California, Mexico, including Tijuana, Ensenada, Rosarito, Mexicali and Tecate. The quasi-international coverage, which was launched with Nextel's international partner NII Holdings Inc.'s Nextel Mexico subsidiary, allows...
RESTON, Va.-NII Holdings Inc., which was formerly known as Nextel International Inc. and operates wireless networks in four Latin America countries, said it added 42,300 subscribers during the second quarter, ending the first half of the year with 1.33 million total customers.Customer churn dropped...
RESTON, Va.-NII Holdings, which operates mobile services in Latin America, reported consolidated net income of $9 million in the first quarter compared with a net loss of $155 million in the first quarter of 2002. Consolidated operating revenues were $203 million, a 4-percent increase...
RESTON, Virginia, United States-NII Holdings, which operates mobile services in Latin America, reported consolidated net income of US$9 million in the first quarter compared with a net loss of US$155 million in the first quarter of 2002. Consolidated operating revenues were US$203 million, a...
NEW YORK-NII Holdings, formerly Nextel International, hopes for a Nasdaq stock listing now that it has emerged from bankruptcy and is headed back into the black, said Byron Siliezar, chief financial officer."Our goal is to be both profitable and free cash flow positive by...
BUENOS AIRES, Argentina-NII Holdings' income reached US$780.4 million in 2002, an 18-percent increase on the previous year. The company made a net gain of US$3.82 billion in 2002, fundamentally due to the effect of its debt restructuring as its operation gain was US$ 77.6...
WILMINGTON, Del.-A U.S. Bankruptcy Court in Wilmington, Del., denied NII Holdings Inc.'s proposed Chapter 11 reorganization plan noting its filed documents violated a number of provisions of the Bankruptcy Code, according to Dow Jones Newswire.The violations included provisions allowing only some of NII's class...
BUENOS AIRES, Argentina-Pyramid Research does not expect Nextel to launch its digital service in Chile within the next 12 months, according to a report conducted by Carlos Rodriguez and Daniel Torras.The consultancy gave three fundamental reasons for the delay. A new competitive wave has...
WASHINGTON-Even though the company recently filed for Chapter 11 bankruptcy reorganization, the Washington Post reported NII Holdings Inc. plans to pay nearly $6 million in retention bonuses to 24 employees in an attempt to keep what it calls essential employees until the bankruptcy court...
BUENOS AIRES, Argentina—The agreement to restructure NII Holdings' US$2.7 billion debt distances Nextel Communications from its Latin American subsidiaries and mainly impacts M
RESTON, Virginia, United States—Nextel Communications reported in a Securities and Exchange Commission (SEC) filing that it took a US$1.6 billion charge during the fourth quarter of last year to restructure its NII Holdings international operations, according to Reuters.The charge was taken to help NII...
BUENOS AIRES, Argentina—Nextel's international operator, NII Holdings, informed the U.S. Securities and Exchange Commission (SEC) that it was unable to comply with a due date on 31 December in Argentina for US$8.3 million and that it has reached an agreement with its creditors to...
RESTON, Va.—NII Holdings Inc., a subsidiary of Nextel Communications Inc., revealed it failed to make an $8.3 million payment on Dec. 31 under its Argentine credit facility and could be forced to file for bankruptcy.According to the filing with the Securities and Exchange Commission,...
