Telecom Lead America: NII Holdings on Thursday said its capital expenditure (Capex) touched $156 million in Q1 2013.
NII Holdings’ main focus is on completing its next generation networks in Mexico and Brazil.
Last quarter, NII Holdings has taken steps to add more discipline to its processes and improve focus on execution, which has positively impacted network deployments and operational performance.
Meanwhile, NII Holdings’ revenues decreased 13 percent to $1.41 billion in Q1 2013.
The 35 percent decrease in consolidated adjusted OIBDA was primarily driven by incremental expenses related to the company’s deployment of its planned next generation networks, lower average revenue per subscriber (ARPU) on a local currency basis and weaker average foreign currency exchange rates.
Its operating loss was $102 million and net loss was $208 million.
NII Holdings’ ARPU decreased by $7 to $35 in the first quarter of 2013.
The decline was due to lower priced rate plans. NII Holdings faced tough competition, particularly in Brazil.
On Thursday, NII Holdings, which operates mobile services under Nextel brand in Latin America, also announced that Steven M Shindler will be the new CEO. Shindler had been holding the dual role of chairman of the Board and interim chief executive officer while the Board conducted an extensive search for a chief executive
The new CEO will focus on the build-out of our 3G networks, high-quality subscriber growth, key financial metrics and providing a quality product and superior customer experience.
