Tag Archives: Nextel

NII Holdings Sees Quarterly Revenues Rise by 28%

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NII Holdings – which operates under the brand Nextel – says that it added 392,000 net subscribers to its network, bringing its ending subscriber base to nearly 8.2 million, a 22% increase in the ending subscriber base compared to the end of the second quarter of 2009.

Financial results for the quarter included consolidated operating revenues of $1.35 billion, a 28% increase compared to the second quarter of 2009.

The Company continued to invest in the expansion of the coverage and capacity of its networks reporting consolidated second quarter 2010 capital expenditures of $230 million, of which $122 million was invested in Brazil.

“We delivered excellent results for the quarter and the first half of the year highlighted by robust subscriber growth” said Steven Dussek, NII Holdings’ Chief Executive Officer. “These results reflect our balanced approach to growth and profitability, which is built on strategies designed to improve the quality of our customer base and customer retention across all of our markets. We have doubled our subscriber base over the past three years, while maintaining our focus on profitability with OIBDA growing 67% during that period. We believe the opportunity for profitable growth in Latin America is significant, and that our differentiated approach and the high quality of our expanding services will position us to capture this growth in the future,” he added.

NII Holdings‘ consolidated ARPU was $47 for the second quarter of 2010, up $3 when compared to the same period last year due primarily to strengthening of local currencies.

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Televisa-Nextel sole bidder in Mexico's 2nd mobile tender

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The consortium comprising of media group Televisa  and Nextel Mexico has emerged as the sole bidder in Mexico’s auction of 90MHz spectrum in the 1.7GHz frequency band.

The consortium offered the minimum bid price of MXN 180.3 million for 30MHz in the 1710MHz to 2170MHz frequency band in each of the country’s nine mobile operating regions, the Mexican telecoms regulator Cofetel announced.

Televisa  plans to invest USD 1.44 billion for a 30 percent stake in Nextel Mexico if the partners obtain enough spectrum to deploy a 3G network.

Cofetel declared the sale of a second nationwide license deserted. The requirements imposed by the Federal Competition Commission meant that only Televisa-Nextel could bid for one of the two nationwide licenses.

América Móvil, S.A. offered MXN 3.79 billion for 21 blocks of 10MHz in all operating regions. Telefónica Móviles México offered MXN 1.27 billion for six 10MHz blocks in six regions.

Cofetel is expected to announce the tender winners within the next 30 days. A separate auction of blocks in the 1850MHz to 1990MHz frequency band ended on 18 July, with combined bids reaching MXN 2.98 billion.

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See the América Móvil, S.A., Telefónica Móviles México, Televisa and Comunicaciones Nextel de Mexico, S.A. de C.V. records in Latin Target.

What is Latin Target? Find out at www.latintarget.com