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NII Holdings, Inc. ("NII") [NASDAQ: NIHD] today separately announced the completion of the sale of its wireless operations in Brazil (the "Sale") in accordance with the terms of the purchase agreement, dated March 18, 2019, by and among América Móvil, S.A.B. de C.V., NII International Holdings S.à r.l., AI Brazil Holdings B.V. and NII. The completion of the Sale constitutes a Fundamental Change and a Make-Whole Fundamental Change, each as defined in the indenture (the "Indenture") governing the 4.25% convertible senior notes due 2023 (the "Notes"). As a result, on December 19, 2019, NII will commence an offer to repurchase (the "Repurchase Offer"), at the option of each holder, any and all of its outstanding Notes, as required by the Indenture.
NII Holdings, Inc. (NASDAQ:NIHD) shareholders should be happy to see the share price up 11% in the last month. But...
NII Holdings, Inc. ("NII") [NASDAQ: NIHD] today announced the completion of the previously announced sale of its wireless operations in Brazil ("Nextel Brazil" and such sale, the "Transaction") in accordance with the terms of the Purchase Agreement, dated March 18, 2019, by and among América Móvil, S.A.B. de C.V. ("AMX"), NII International Holdings S.à r.l. ("NIIH"), AI Brazil Holdings B.V. ("AI Brazil") and NII (the "Purchase Agreement"), as amended from time to time.
NII Holdings, Inc. ("NII") [NASDAQ: NIHD] today announced that it notified the Nasdaq Stock Market ("Nasdaq") of its intent to delist its common stock, par value $0.001 per share (the "Common Stock"), from the Nasdaq Global Select Market. NII expects to file a Form 25 (Notification of Removal from Listing) with the Securities and Exchange Commission (the "SEC") and Nasdaq relating to the delisting of the Common Stock on or about December 30, 2019 and to suspend trading of its Common Stock on the Nasdaq Global Select Market prior to the opening of trading on January 2, 2020. NII does not expect that a trading market will develop for its Common Stock following suspension of trading on Nasdaq. NII expects that the official delisting of its Common Stock will be effective January 9, 2020.
RESTON, Va. , Oct. 24, 2019 /PRNewswire/ -- NII Holdings , Inc. (NASDAQ: NIHD) today announced that it plans to release its earnings results and file its quarterly report on Form 10-Q for the third quarter ...
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RESTON, Va., Nov. 5, 2019 /PRNewswire/ -- NII Holdings, Inc. [NASDAQ: NIHD] today announced its financial results for the third quarter of 2019. For the quarter, the Company reported a $7 million loss from continuing operations and a $28 million loss from discontinued operations. Nextel Brazil generated adjusted OIBDA of $33 million, which excludes the impact of non-cash asset impairments, restructuring charges and other unusual items.
RESTON, Va., Aug. 6, 2019 /PRNewswire/ -- NII Holdings, Inc. [NASDAQ: NIHD] today announced its financial results for the second quarter of 2019. For the quarter, the Company reported a $5 million loss from continuing operations and a $12 million loss from discontinued operations.