July 25, 2014 8:24 PM ET

Wireless Telecommunication Services

Company Overview of Nextel Telecomunicacoes Ltda.

Company Overview

Nextel Telecomunicacoes Ltda. provides wireless telecommunications services in Brazil. It also offers cellular handsets and devices. The company was founded in 1997 and is based in Sao Paulo, Brazil. Nextel Telecomunicacoes Ltda. operates as a subsidiary of NII Holdings Inc.

Rua Bela Cintra

1196 Cerqueira César

Sao Paulo, SP 01415-908

Brazil

Founded in 1997

Phone:

55 11 3748 1000

Fax:

55 11 3748 1206

Key Executives for Nextel Telecomunicacoes Ltda.

Chief Operating Officer
Age: 43
Chief Executive Officer of NII Holdings
Age: 57
Compensation as of Fiscal Year 2014.

Nextel Telecomunicacoes Ltda. Key Developments

Nextel Brazil Announces Unaudited Earnings Results for the First Quarter Ended March 31, 2014

Nextel Brazil announced unaudited earnings results for the first quarter ended March 31, 2014. For the quarter, the company announced operating revenues of $461.2 million compared to $635.9 million for the same period a year ago. Loss for the period was $29.1 million compared to earnings for the period of $157.6 million for the same period a year ago.

Nextel Brazil Announces Unaudited Financial Results for the Fourth Quarter and Full Year Ended Dec. 31, 2013

Nextel Brazil announced unaudited financial results for the fourth quarter and full year ended Dec. 31, 2013. For the quarter, total revenues were $502.6 million against $672.3 million for the same period of last year. Segment earnings were $3.6 million against $90.3 million for the same period of last year. For the year, total revenues were $2,208.0 million against $2,902.4 million for the same period of last year. Segment earnings were $311.1 million against $674.6 million for the same period of last year.

Nextel Brazil Expands 3G Coverage to Four New Cities

Nextel Brasil, owned by NII Holdings, has expanded its 3G services to four new cities across Brazil. The operator's 3G service is now available in Curitiba, Brasília, Goiânia and Recife. Prior to this launch, Nextel offered packages with voice and iDEN technology services. Nextel has also made two smartphones available which are compatible with 3G services in these four cities. The devices are the Motorola IronRock and Motorola Jessup, which run the Android operating system. The telco said that it aims to continue expanding its 3G coverage across Brazil.

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