NII HOLDINGS, INC. (NASDAQ:NIHD) Files An 8-K Results of Operations and Financial Condition

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NII HOLDINGS, INC. (NASDAQ:NIHD) Files An 8-K Results of Operations and Financial Condition
Item 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.

Exhibit No.

Description

99.1

Press Release dated August 9, 2017


NII HOLDINGS INC Exhibit
EX-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,…
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