NII Holdings Inc. reported unaudited consolidated financial results for the fourth quarter and year ended December 31, 2017. For the quarter, the company's operating revenues were USD 188.9 million against USD 248.4 million a year ago. Operating loss was USD 40.0 million against USD 57.3 million a year ago. Loss from continuing operations before reorganization items and income tax provision was USD 77.7 million against USD 85.1 million a year ago. Net loss from continuing operations was USD 77.1 million or USD 0.77 per basic and diluted share against USD 84.8 million or USD 0.84 per basic and diluted share a year ago. Net loss attributable to the company was USD 56.3 million or USD 0.79 per basic and diluted share against USD 88.5 million or USD 0.88 per basic and diluted share a year ago. Capital expenditures were USD 21 million. Adjusted OIBDA loss was USD 32.4 million against USD 43.9 million a year ago. Consolidated adjusted OIBDA loss was USD 18.0 million against adjusted OIBDA profit of USD 0.2 million a year ago.

For the year, the company's operating revenues were USD 869.8 million against USD 985.0 million a year ago. Operating loss was USD 118.6 million against USD 1,526.9 million a year ago. Loss from continuing operations before reorganization items and income tax provision was USD 358.5 million against USD 1,536.0 million a year ago. Net loss from continuing operations was USD 351.7 million or USD 3.51 per basic and diluted share against USD 1,533.9 million or USD 15.32 per basic and diluted share a year ago. Net loss attributable to the company was USD 301.0 million or USD 3.50 per basic and diluted share against USD 1,553.9 million or USD 15.52 per basic and diluted share a year ago. Net cash used in operating activities was USD 87.1 million against USD 45.2 million a year ago. Capital expenditures were USD 51 million. Adjusted OIBDA loss was USD 235.0 million against USD 1,354.5 million a year ago. Consolidated adjusted OIBDA loss was USD 55.3 million against adjusted OIBDA profit of USD 22.2 million a year ago.

For the quarter, the company recorded asset impairment charges of USD 3.8 million against USD 23.6 million a year ago.

For the year 2018, the company expects moderately better consolidated adjusted OIBDA than the amount reported in 2017, but still negative; and a similar level of capital expenditures as the amount reported in 2017.