Subject: [NEXTEL-1] NII

From: [email-masked]
Date: Thu, 31 Jul 2003 23:54:26 -0400

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Breaking News

NII Holdings reports decreased churn, increased revenues

July 30, 2003 1:10 PM EST

RESTON, Va.—NII Holdings Inc., which was formerly known as Nextel International Inc. and operates wireless networks in four Latin America countries, said it added 42,300 subscribers during the second quarter, ending the first half of the year with 1.33 million total customers.
Customer churn dropped from 2.6 percent during the first quarter of this year to 2.5 percent during the second quarter while average revenue per user increased from $50 to $53 during the same time frame.
NII Holdings also reported operating revenues increased from $182 million during the second quarter of 2002 to $215 million this year. In addition, net income increased from a loss of $237 million last year, a loss of 88 cents per share, to a gain of $42 million this year, a return of $2.04 per share.

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