Key Developments For NII Holdings, Inc.
NII Holdings, Inc. (NIHD.O) (Nasdaq)
NII Holdings, Inc. Reaffirms FY 2009 Guidance
NII Holdings, Inc. revised its fiscal 2009 guidance and expects consolidated operating revenue remains in the range of $4.1 billion to $4.3 billion, and outlook for OIBDA remains in the range of $1.0 billion to $1.1 billion. The Company's OIBDA outlook includes the impact of approximately $70 million of non-cash stock option compensation expense. According to Reuters Estimates, analysts are expecting the Company to report revenue of $4.3 billion and EBITDA of $1.1 billion for fiscal 2009.
NII Holdings, Inc. Announces Pricing Of Senior Note Offering
NII Holdings, Inc. announced the pricing of the offering, through its wholly owned subsidiary NII Capital Corp., of $800 million principal amount of 10% Senior Notes due 2016. The issue price is 97.568% of the principal amount of the notes. 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 August 18, 2009. The notes will be issued by NII Capital Corp. and guaranteed by NII Holdings and all of NII Holdings' other United States subsidiaries. The notes have not been registered under the Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States absent registration under, or an applicable exemption from, the registration requirements of the Securities Act of 1933, as amended and applicable state securities laws.
NII Holdings, Inc. Proposes Offering of Senior Notes
NII Holdings, Inc. announced its intention to offer, through its wholly owned subsidiary NII Capital Corp., approximately $500 million principal amount of senior notes due 2016, to qualified institutional buyers. The notes will be issued by NII Capital Corp. and guaranteed by NII Holdings and all of the Company' other United States subsidiaries. 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 internal expansion 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.
NII Holdings, Inc. Reaffirms FY 2009 Guidance
NII Holdings, Inc. announced that it is not revising its fiscal 2009 outlook for consolidated operating revenues or operating income before depreciation and amortization (OIBDA). The Company's fiscal 2009 outlook for consolidated operating revenue remains in the range of $4.1 billion to $4.3 billion, and outlook for OIBDA remains in the range of $1.0 billion to $1.1 billion. The Company's OIBDA outlook includes the impact of approximately $70 million of non-cash stock option compensation expense. According to Reuters Estimates, analysts are expecting the Company to report revenue of $4.2 billion and EBITDA of $1.0 billion for fiscal 2009.
NII Holdings, Inc. Reaffirms FY 2009 Guidance
NII Holdings, Inc. announced that it is not revising its fiscal 2009 outlook for consolidated operating revenues or operating income before depreciation and amortization (OIBDA). The Company's fiscal 2009 outlook for consolidated operating revenue remains in the range of $4.1 billion to $4.3 billion, and outlook for OIBDA remains in the range of $1.0 billion to $1.1 billion. The Company's OIBDA outlook includes the impact of approximately $70 million of non-cash stock option compensation expense. According to Reuters Estimates, analysts are expecting the Company to report revenue of $4.1 billion and EBITDA of $1.0 billion for fiscal 2009.
