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September 04, 2015 12:07 AM ET

Wireless Telecommunication Services

Company Overview of Nextel Telecomunicações Ltda.

Company Overview

Nextel Telecomunicacoes Ltda. provides wireless telecommunication 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.

Av. Das Nações Unidas

14.171 - 29º andar - Torre Crystal

Sao Paulo, SP 04794-000

Brazil

Founded in 1997

Phone:

55 11 2145 2013

Fax:

55 11 2145 1000

Key Executives for Nextel Telecomunicações Ltda.

President
Age: 51
Compensation as of Fiscal Year 2015.

Nextel Telecomunicações Ltda. Key Developments

Nextel Brazil Announces Board Changes

NII Holdings Inc. announced that Francisco Tosta Valim Filho has been appointed as President, Nextel Brazil, effective August 25, 2015.  Mr. Valim will be employed by Nextel Telecomunicacoes Ltda., the Company's Brazilian operating subsidiary, and will report directly to NII's Chief Executive Officer, Steve Shindler. Mr. Valim will be responsible for leading the Company's day-to-day operations in Brazil. He replaces Gokul Hemmady, who has served as President, Nextel Brazil since 2013. Prior to joining Nextel Brazil, Mr. Valim was Chief Executive Officer of Via Varejo, from 2013 to 2014.

Nextel Brazil Announces Unaudited Earnings Results for the First Quarter Ended March 31, 2015

Nextel Brazil announced unaudited earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported service and other revenues of $340.6 million against $425.8 million a year ago. Earnings were $3.5 million against loss of $29.1 million a year ago. Operating revenues were $363,356,000 against $461,224,000 a year ago.

Nextel Brazil Reports Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Nextel Brazil reported unaudited earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total operating revenues of $403.7 million against $468.0 million for the same period of last year. Segment loss was $49.3 million against segment earnings of $3.6 million for the same period of last year. For the year, the company reported total operating revenues of $1,694.2 million against $2,109.3 million for the same period of last year. Segment loss was $133.7 million against segment earnings of $311.1 million for the same period of last year.

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