Subject: [NEXTEL-1] UPDATE - NII Holdings reports profit; adds subscribers

From: [email-masked]
Date: Wed, 29 Oct 2003 17:27:43 -0500

http://biz.yahoo.com/rc/031029/telecoms_niiholdings_earns_2.html

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UPDATE - NII Holdings reports profit; adds subscribers
Wednesday October 29, 7:29 am ET

(Adds more details, changes dateline)
CHICAGO, Oct 29 (Reuters) - NII Holdings Inc. (NasdaqNM:NIHD - News),
which provides wireless service in Latin America, on Wednesday
posted a quarterly profit as it expanded its subscriber base
and generated more revenue per customer.

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The former unit of Nextel Communications Inc. (NasdaqNM:NXTL - News) said
third-quarter net income totaled $38 million, or $1.73 per
diluted share, compared with a net loss of $36 million, or 13
cents per share, a year earlier, when it had more than 12 times
more shares outstanding.
Total operating revenues rose 31 percent to $246 million
from $188 million a year ago as it added 58,800 customers and
finished the third quarter with 1.39 million.
It also said the company may exceed its guidance of 180,000
customer additions for the year. It still expects to post $240
million in full year operating income before depreciation and
amortization.
The Reston, Virginia-based company emerged from Chapter 11
bankruptcy protection last November.

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