NII Holdings Analyst Evaluation by BrokerBank Securities, Inc.


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NEW YORK, March 24, 2014 /PRNewswire/ -- NII Holdings (NASDAQ: NIHD) is a mobile phone operator, operating in Mexico, Argentina, Brazil, and Chile. The company operates under the Nextel brand in these areas and is best known for push to talk functionality.

NII Holdings operational missteps leave the firm on a path to trip debt covenants and raises questions about its ability to continue as a going concern. The market has punished the stock, pushing it to $1.03 from a 52 week high of $9.82. It is currently trading at .53 of book value, essentially pricing in a liquidation scenario.

Nextel runs its 2G wireless service over iDEN network, an outdated technology which allows limited transmission speed but has a feature benefit of allowing push to talk (PTT) capabilities. This feature has is adherents, primarily commercial customers. Nextel is considered a niche player with a small user base but one with the highest average rates in its markets.

NII's two main markets, Mexico and Argentina have diverging fortunes. In Argentina, NII has been adding customers to its 99 real 3G plan, stemming a long declining ARPU and maintaining profitability. In Mexico, on the other hand, a botched transition to 3G network has left the company's reputation with consumers in tatters. Exacerbating customer defections, Sprint shut down its US iDEN network taking away cross-border push to talk capability, an important feature for many of NII Nextel's customers

Will NII Holdings be able to continue as a going concern?

A full in-depth analyst report on NIHD that includes risk factors, industry review, financial position, review of current business model, and analyst summary can be viewed by using the following link at no cost:

http://bit.ly/NIHD-AnalystReport

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SOURCE BrokerBank Securities, Inc.


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