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NII Holdings enters Chapter 11

2014-09-16 02:00:00| Total Telecom industry news

LatAm-focused telco hopeful that stakeholder talks will lead to debt restructuring plan.

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NII Holdings files for bankruptcy

2014-09-16 00:29:40| Telecom - Topix.net

Reston-based NII Holdings filed for Chapter 11 bankruptcy reorganization Monday, a month after saying a bankruptcy filing was likely. The company, which sells a Nextel-branded wireless service in Latin America, announced the voluntary filing after the markets closed Monday.

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NII Holdings misses interest payment

2014-08-18 09:10:00| Telecompaper Headlines

(Telecompaper) NII Holdings announced that is has elected not to pay USD 118.8 million in interest due 15 August on senior notes issued by its subsidiaries NII Capital Corp and NII International Telecom SCA. There is still a 30-day grace period during which the company may elect to make the interest payments and cure any potential non-payment claims. NII, which operates under the brand Nextel, said it was still in talks with holders of its senior notes on a possible restructuring of the debt. 

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NII Holdings misses $119m interest payment

2014-08-18 02:00:00| Total Telecom industry news

Chapter 11 looms as LatAm services provider yet to renegotiate debt obligations.

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NII Holdings likely headed for bankruptcy, executives say

2014-08-13 08:20:45| Wireless - Topix.net

Reston-based NII Holdings appears to be headed for bankruptcy as executives at the company, which sells mobile phone service to millions in Latin America, have been unable to tame its debt, stop the exodus of subscribers or generate fresh revenue.

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