NII Holdings Inc (NASDAQ:NIHD) Moves Forward


Dallas, Texas 02/12/2014 (FINANCIALSTRENDS) – NII Holdings Inc (NASDAQ:NIHD) is the Reston, VA based Telecommunications service provider with a wide-spectrum portfolio.  Technically, NII Holdings is the holding company for a technology and communications firm- Nextel Communications, which plays in some of the better known international markets. Therefore, consumers and businesses are familiar with the brand name of Nextel rather than NII Holdings. Wireless communication services, which the brand provides are located in the South American continent and are known to cover Chile, Argentina, Peru as well as Brazil, besides Mexico.

Grows through restructuring: Spins off two businesses

NII Holdings Inc (NASDAQ:NIHD) in these countries is located in dense business centers offering a host of carrier and networking services as well. It currently uses a network which was last developed using technology by Motorola Inc, the specialist features of which are enhanced digital networks. The network is popular by the name of iDEN.

NII Holdings Inc (NASDAQ:NIHD) uses this network to deliver mobile services for its 800 megahertz spectrum and uses the same technology across the networks. Since the middle of 2013, NII Holdings Inc, has made some quick changes to the number of countries where it provides services. It has since August 2013, sold its operations in Peru to EmpresaNacional De Telecommunicaciones SA. Besides, the organization has since sold its Mexico-based services to the likes of American Tower Corporation.

Financial overview

NII Holdings Inc (NASDAQ:NIHD) currently trades on the stock market at $30.09, which is a fall of over -0.64%. The stock had since seen a trading low of $3.08 during the day and high of $3.29 during the trading day. However over the 52 week high, the company has recorded over $9.82 and has also reported 52 week low of $1.90. The Average volume for this service provider is 7.17 million. The market cap for this stock is $532.83 million. The EPS is -8.47. Beta is 1.61.