Subject: [NEXTEL-1] Nextel México makes operating profit of US$88.5mn in 2002

From: Marcel <[email-masked]>
Date: Sat, 15 Feb 2003 13:32:01 -0500

Nextel México makes operating profit of US$88.5mn in 2002

Story Filed: Friday, February 14, 2003 6:08 PM EST

MEXICO CITY, Feb 14, 2003 (Notimex/Corporate Mexico by Internet Securities, Inc. via
COMTEX) -- In 2002 Nextel
México made operating profits of US$88.5 million and its client base to 517,000, a 29%
year-on-year increase, reported
Nextel Internacional (NII HOLDINGS).Releasing its financial results for last year, the
cellular telephone company said that
Nextel México, its largest subsidiary, had made an operating profit of US$88.5 million
compared to the loss of US$485.1
million seen in 2001 in addition to a record EBIDTA of US$142.4 million. Nextel
International meanwhile, said that its
operating income had risen 18% year-on-year to US$780.4 million. It also reported an
EBIDTA of US$169.6 million for the
year. The company announced that it had successfully wrapped up its restructuring process,
reducing its long-term debt from
US$2.8 billion to US$430 million.

URL: www.securities.com

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