NII customer base up 21% y-o-y

23 Oct 2009

US-based international telecoms group NII Holdings has announced that it added over 329,000 net new wireless customers to its operations in the third quarter of 2009, giving it a consolidated customer base of over seven million, a 21% year-on-year increase. Financial results for the quarter included consolidated operating revenues of USD1.14 billion, a 3% decrease when compared to the third quarter of 2008, and consolidated operating income before depreciation and amortisation (OIBDA), of USD300 million, a 9% year-on-year decrease. The company, which owns operations in Mexico, Brazil, Argentina, Peru and Chile, reported 3Q09 net income of USD117 million, up from USD84 million a year earlier.