NII HOLDINGS, INC. (NASDAQ:NIHD) Files An 8-K Results of Operations and Financial ConditionItem 2.02. Results of Operations and Financial Condition.
Second Quarter 2017 Results. On August 9, 2017, NII Holdings, Inc. issued a press release announcing certain financial and operating results for the second quarter ended June 30, 2017. A copy of the press release is furnished as Exhibit 99.1 to this report and is incorporated by reference into this Item 2.02.
Item 2.02. Financial Statements and Exhibits.
(d)Exhibits.
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Exhibit No. |
Description |
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99.1 |
Press Release dated August 9, 2017 |
NII HOLDINGS INC ExhibitEX-99.1 2 nihd-6302017x8kxex991.htm EXHIBIT 99.1 Exhibit Exhibit 99.1NII HOLDINGS REPORTS 2017 SECOND QUARTER RESULTS- Announces extension of standstill agreements and preliminary non-binding agreements with bank lenders on key terms for loan amendments – Updates guidance for operational free cash burn•Operating revenues of $225 million for the second quarter •3G service and other revenues remained constant year-over-year in local currency•Operating loss of $69 million for the second quarter •Second quarter results include $54 million of non-cash asset impairment and restructuring charges•Adjusted operating loss before depreciation and amortization (adjusted OIBDA loss) of $5 million for the second quarter•Quarter-end unrestricted cash and short-term investments of $282 million and $114 million of cash held in escrow•Ended second quarter 2017 with 2.9 million 3G subscribers,…To view the full exhibit click here