NII Holdings -20%, says Q4 weakness negatively impacts liquidity outlook

|About: NII Holdings, Inc. (NIHD)|By:, SA News Editor

NII Holdings (NIHD) -20.4% premarket after announcing in its Q4 earnings report that it "will have to significantly improve its operating performance and consider other options to enhance its liquidity position to meet its financial obligations and fund its business in 2015 and beyond."

Lost net 247K subscribers during Q4, mostly due to continuing difficulties in Mexico, where net 390K subscribers were lost.

Consolidated average monthly service revenue per subscriber was $34 for FY 2013, down from $42 in 2012.

Expects FY 2014 consolidated adjusted OIBDA to be negative.