NII reports 8.2 million subscribers

30 Jul 2010

Nextel International Holdings (NII), the Latin American digital trunking specialist with operations in Mexico, Brazil, Argentina, Peru and Chile, has announced its consolidated financial results for the three months ended 31 March 2010. During the quarter the company added 392,000 subscribers to its networks, to take its combined customer base to 8.2 million, an increase of 22% year-on-year. Operating revenues for the second quarter were USD1.35 billion, up 28%, while consolidated OIBDA rose 30% to USD348 million. CAPEX for the period was USD230 million, of which USD122 million was invested in Brazil. Across all operations, average revenue per user was USD47 per month, up from USD44 in 2Q 2009.

Earlier this month Nextel Mexico and Televisa formed a consortium to bid for a 30MHz block of wireless spectrum in the AWS band put up for sale by the Mexican government. The pairing was revealed as the highest bidder, and it is expected that regulator Cofetel will award it the licence at the end of a 30-day verification process. The consortium plans to deploy a 3G network across Mexico if successful.

United States, FiberCorp, Nextel Partners