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NII Holdings Inc

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  • "We will concentrate our future investments in Brazil where we see a promising long-term growth opportunity, while remaining focused on reducing expenses and maintaining a lean cost structure," NII Holdings Chief Executive Steve Shindler said in a statement. Last week, NII Holdings, a telecom operator for the Nextel brand in Brazil, gained U.S. court approval of...

  • June 26- NISI Holdings Inc, a Latin American mobile service provider, said it has emerged from its Chapter 11 reorganization proceedings. As part of the plan, about 100 million shares of the company's new common stock and $745 million in cash will be distributed to holders of senior notes, NII Holdings said on Friday. The stock and cash will be issued by the NII...

  • SAO PAULO, June 3- Nextel operator NII Holdings Inc is stepping up investment in Brazil to expand its tiny share of the mobile telephone market and has no plans to sell out despite an economic slowdown, its chief operating officer said. The downsized company will plow into Brazil a good part of the resources generated by the recent $1.8 billion sale of its Mexican...

  • April 22- AT&T Inc on Wednesday reported better-than expected earnings and said fewer wireless customers switched to other networks at a rate not seen in any first quarter. The company, awaiting regulatory approval for its $48.5 billion proposal to buy DirecTV, sees additional cost savings of more than double than it previously forecast from the deal.

  • UPDATE 2-AT&T profit beats Street estimates, shares rise Wednesday, 22 Apr 2015 | 5:37 PM ET

    April 22- AT&T Inc on Wednesday reported quarterly profit that beat Wall Street estimates and said its subscribers switched to other networks at a lower rate. They closed at $32.86 on the New York Stock Exchange. The second-largest U.S. wireless carrier posted net income of $3.2 billion, or 61 cents per share, in the first quarter ended March 31, compared with $3.65...

  • SAO PAULO/ RIO DE JANEIRO, April 1- Brazilian telecom group Oi SA is eliminating 1,070 jobs this month in a cost-cutting program that will define how much it can invest this year, the company told Reuters exclusively as pink slips began to go out on Wednesday. Chief Executive Bayard Gontijo, who set the cost-cutting agenda in motion when he took over in October, said...

  • SAO PAULO/ RIO DE JANEIRO, April 1- Brazilian telecom group Oi SA is eliminating 1,070 jobs this month in a cost-cutting program that will define how much it can invest this year, the company told Reuters exclusively as pink slips began to go out on Wednesday. Other telecoms are also cutting back, with Telefonica Brasil SA and Nextel operator NII Holdings Inc both...

  • AT&T to sell data centers worth $2 bln - sources Monday, 2 Feb 2015 | 6:06 PM ET

    NEW YORK/ SAN FRANCISCO, Feb 2- AT&T Inc is selling some data centers worth about $2 billion as it continues its streak of asset sales, people familiar with the matter said on Monday. AT&T and its rival Verizon have been selling non-core assets in recent months. Verizon is close to announcing divestitures of wireless towers and wireline markets worth $10 billion,...

  • SAN FRANCISCO, Jan 27- AT&T Inc on Tuesday posted a quarterly net loss that was slightly slimmer than Wall Street expected, as its mobile device deals attracted more customers, but its users switched to other networks at a higher rate. The second-largest U.S. wireless carrier posted a net loss of $4 billion, or 77 cents per share, in the fourth quarter, compared with...

  • Jan 26- AT&T Inc said it will buy bankrupt NII Holdings Inc's wireless business in Mexico for $1.875 billion, less outstanding net debt. NII Holdings, the parent of Nextel operators in Latin America, filed for bankruptcy protection in the United States in September after struggling with $5.8 billion in debt and fierce competition in Brazil and Mexico.

  • Jan 26- AT&T Inc said it will buy bankrupt NII Holdings Inc's wireless business in Mexico for $1.875 billion, less outstanding net debt. NII Holdings, the parent of Nextel operators in Latin America, filed for bankruptcy protection in the United States in September after struggling with $5.8 billion in debt and fierce competition in Brazil and Mexico.

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    Morgan Stanley has identified some 40 stocks that could be candidates for tender offers in the next 12 months using its new quantitative model.

  • Buyers Call a Bottom for NII Holdings Thursday, 8 Nov 2012 | 5:24 AM ET
    Bulls Roll the Dice on MGM Resorts

    NII Holdings has been bearish for a long time, but now buyers are betting that it’s due for a bounce.

  • 4 Stocks Under $10 Making Big Moves Friday, 5 Oct 2012 | 11:45 AM ET
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    One analyst for TheStreet.com take a closer look at several stocks under $10 that were making large moves to the upside on Thursday.

  • BRIEF-NII Holdings names chief financial officer Thursday, 4 Oct 2012 | 9:07 AM ET

    Oct 4- NII Holdings Inc:. *Names juan r. figuereo as chief financial officer. *Says figuereo will replace gokul hemmady.

  • Worst Calls of 2011 from the Fast Money Traders Thursday, 29 Dec 2011 | 6:15 PM ET

    Sometimes a trade is hot and other times it just burns. Following are the moves our traders regret most for all of 2011.