Filed Under: , Tickers in this Article: NIHD, MSI, TEF, AMX
Latin American wireless operator NII Holdings Inc. (NIHD)
provided a dismal outlook for fiscal 2013, slashing its revenue
and OIBDA projections by a significant margin. The new guidance
was on the back of delay in the launch of 3G technology, higher
churn, weaker exchange rate and lower average revenue per user
(ARPU). NII Holdings expects revenue to be in the range of
$5.7-$5.9 billion and adjusted OIBDA to stay in the band of
$600-$650 million. Additionally, the company expects mid-single
digit subscriber growth for the projected year along with $1
billion of capital expenditure.  NII Holdings plan to
successfully roll out 3G network across the highly lucrative
Brazilian market. However, it may not prove to be beneficial for
the company as these Latin American markets are hugely dominated
by America Movil S.A.B. de C.V. (AMX) and Telefornica SA (TEF).
Moreover, America Movil started deploying 4G LTE across these
regions, which may further expand ch