Key Developments: NII Holdings Inc (NIHD.OQ)

NIHD.OQ on NASDAQ Stock Exchange Global Select Market

6.71USD
1 Aug 2013
Price Change (% chg)

$-0.47 (-6.55%)
Prev Close
$7.18
Open
$6.25
Day's High
$7.07
Day's Low
$6.06
Volume
2,052,827
Avg. Vol
994,029
52-wk High
$9.82
52-wk Low
$4.11

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Latest Key Developments (Source: Significant Developments)

NII Holdings Inc Announces Proposed Offering Of Senior Notes
Thursday, 16 May 2013 08:22am EDT 

NII Holdings Inc announced its intention to offer, through its wholly owned subsidiary NII International Telecom S.C.A., approximately $500 million principal amount of senior notes due 2019 to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the Securities Act), and in offshore transactions pursuant to Regulation S under the Securities Act. The notes will be issued by NII International Telecom S.C.A., a partnership limited by shares organized and established under the laws of Luxembourg, and guaranteed by NII Holdings. NII intends to use the net proceeds from the notes offering to fund the payment in full of its Mexico bank loan and the remaining net proceeds to repay a portion of one of its Brazil bank loans.  Full Article

NII Holdings Inc Names Steve Shindler As Chief Executive Officer
Thursday, 2 May 2013 06:15am EDT 

NII Holdings Inc announced that its Board of Directors has appointed Steven M. Shindler to the permanent position of Chief Executive Officer (CEO), effective immediately. Mr. Shindler had been holding the dual role of Chairman of the Board and Interim CEO while the Board conducted an search for a Chief Executive.  Full Article

NII Holdings Inc's NII International Telecom S.C.A. Announces New Sale Of 11.375% Senior Notes Due 2019
Wednesday, 10 Apr 2013 04:52pm EDT 

NII Holdings Inc announced the sale, through its wholly owned subsidiary NII International Telecom S.C.A., of an additional $150 million principal amount of its 11.375% senior notes due 2019. The issue price is 107.25% of the principal amount of the notes plus accrued interest from February 19, 2013. The notes were sold in a private placement pursuant to Rule 144A under the Securities Act of 1933, as amended (the Securities Act). The sale of the notes is expected to close on or about April 15, 2013. The notes will be issued by NII International Telecom S.C.A., a partnership limited by shares organized and established under the laws of Luxembourg, and guaranteed by the Company. The notes are an additional issuance of, will be fully fungible with, rank equally with and form a single series with the $750 million of 11.375% senior notes due 2019 initially issued on February 19, 2013. The Company intends to use the net proceeds from the sale for general corporate purposes, which may include, without limitation, expansion of its existing network, either through capital expenditures for organic growth or acquisitions of other operators; the acquisition of telecommunications spectrum licenses or other assets; the deployment of new network technologies; the refinancing, repayment or repurchase of outstanding indebtedness; or other purposes.  Full Article

NII Holdings Inc's NII International Telecom S.C.A. Announces Pricing Of Senior Notes Offering
Monday, 11 Feb 2013 04:39pm EST 

NII Holdings Inc's NII International Telecom S.C.A. announced that the pricing of the offering of $750 million principal amount of 11 3/8% Senior Notes due 2019. The issue price is 100% of the principal amount of the notes. The size of the offering was increased from the previously announced $400 million to $750 million. The notes were offered in a private placement pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended. The sale of the notes is expected to close on or about February 19, 2013. The notes will be issued by NII International Telecom S.C.A., a partnership limited by shares organized and established under the laws of Luxembourg, and guaranteed by NII Holdings.  Full Article

NII Holdings Inc Issues FY 2012 Guidance; Revenue Guidance In Line With Analysts' Estimates; FY 2013 Revenue Guidance Below Analysts' Estimates
Tuesday, 5 Feb 2013 07:50am EST 

NII Holdings Inc announced that for fiscal 2012, it expects to report consolidated operating revenues of $6.1 billion and adjusted OIBDA between $930-$950 million. The Company's adjusted OIBDA excludes the impact of non-cash impairment and restructuring charges, including a $300 million impairment charge related to the Company's operations in Chile. For fiscal 2013, it expects revenues in the range of $5.7-$5.9 billion, adjusted OIBDA in the range of $600-$650 million. The Company's fiscal 2013 adjusted OIBDA guidance does not take into account the impact of the potential non-cash charge, as well as other potential non-cash charges that could be required. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $6.1 billion; EBITDA of $959 million for fiscal 2012 and revenue of $6.1 billion; EBITDA of $919 million for fiscal 2013.  Full Article

NII Holdings Inc's NII International Telecom S.C.A Announces Proposed Offering Of Senior Notes
Tuesday, 5 Feb 2013 07:45am EST 

NII Holdings Inc's NII International Telecom S.C.A announced the issue of approximately $400 million principal amount of senior notes due 2019 to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the Securities Act), and in offshore transactions pursuant to Regulation S under the Securities Act. The notes will be issued by NII International Telecom S.C.A., a partnership limited by shares organized and established under the laws of Luxembourg, and guaranteed by NII Holdings. NII intends to use the net proceeds from the notes offering for general corporate purposes, which may include, without limitation, expansion of its existing network, either through capital expenditures for organic growth or acquisitions of other operators; the acquisition of telecommunications spectrum licenses or other assets; the deployment of new network technologies; the refinancing, repayment or repurchase of outstanding indebtedness; or other purposes.  Full Article

NII Holdings Inc Appoints Chairman Steven Shindler As Interim Chief Executive Officer
Thursday, 13 Dec 2012 04:29pm EST 

NII Holdings Inc announced that its Board of Directors has appointed Steven M. Shindler, currently Chairman of the Board, to the additional position of interim Chief Executive Officer(CEO), effective immediately. Shindler, who was the company's CEO from 2000-2008, will serve as interim CEO while the Board conducts a search for a permanent CEO. Shindler replaces Steven P. Dussek, who has stepped down as CEO and a member of the Board to pursue other opportunities.  Full Article

NII Holdings Inc Lowers FY 2012 Guidance-Conference Call
Wednesday, 7 Nov 2012 08:30am EST 

NII Holdings Inc announced that for fiscal 2012, it expects OIBDA to be at least $900 million and expects revenues to fall short of the Company's previous guidance. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $6.1 billion and EBITDA of $993 million for fiscal 2012.  Full Article

NII Holdings Inc Names Juan R. Figuereo As Chief Financial Officer
Thursday, 4 Oct 2012 09:00am EDT 

NII Holdings Inc announced that it has appointed Juan R. Figuereo as executive vice president and Chief Financial Officer, effective October 17, 2012. Mr. Figuereo will replace Gokul Hemmady, who was recently named NII Holdings' chief operating officer.  Full Article

NII Holdings, Inc. Lowers FY 2012 Guidance
Tuesday, 7 Aug 2012 06:45am EDT 

NII Holdings, Inc. updated guidance for fiscal 2012 and expects consolidated operating revenues of about $6.1 billion compared to prior guidance of $7.1 billion and consolidated OIBDA of about $1.0 billion compared to prior guidance of $1.4 billion. As with prior guidance, the OIBDA outlook also includes the impact of start up costs related to the development and launch of the Company's planned W-CDMA networks and costs to support related initiatives, including investments in brand, expansion of distribution channels, IT and back office systems. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $6.5 billion and EBITDA of $1.3 billion for fiscal 2012.  Full Article

BRIEF-NII up 8.9 percent premarket after Q1 results

NEW YORK, May 2 - NII Holdings Inc : * Up 8.9 percent to $9.07 in premarket after Q1 results

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