NII Holdings today said its Capital spending (Capex) for telecom infrastructure was $118 million during the first quarter of 2014 (Q1 2014).
NII Holdings subscriber base decreased 4 percent or 52,000 subscribers to 9.4 million during the first quarter.
The reduction in subscriber base has reflected in its revenue and net income. Its operating revenues dipped 27 percent to $970 million. It has made an operating loss of $239 million and net loss of $376 million.
“Our focus for 2014 is to drive better operational and financial results by stabilizing our operations in Mexico and investing in subscriber growth in Brazil,” said Steve Shindler, NII Holdings’ chief executive officer.
The company has made progress in 3G services in Brazil. But it lost subscriber base in Mexico telecom market.
“Our 3G net subscriber additions in Brazil more than doubled this quarter from the fourth quarter of 2013,” said Steve Shindler, chief executive officer at NII Holdings.
NII Holdings said its ARPU decreased to $29 for the first quarter of 2014 from $39 in the prior year.
The company reported average monthly churn of 3.42 percent against 2.42 percent.
