30
NII Holdings
(NasdaqNM: NIHD)
USA
NII Holdings is building a strong niche in the booming market for wireless phones in Latin America. Formally known as Nextel International, NII is aiming for the small- and midsize business market in Mexico, Argentina, Brazil, and Peru. Explosive growth in cell-phone demand has boosted sales by 40% since May, 2005, to $1.9 billion, and increased profits to nearly $195 million. Mobile-phone use in Latin America is still in its infancy, so the untapped market is huge. But NII is battling competition from two multinational carriers and a fistful of local competitors. While it is heavily promoting its Nextel-developed walkie-talkie service between Latin America and the U.S., NII may be hamstrung by another Nextel legacy: Its technology is incompatible with newer digital cellular services.
Company Info |
|
| 2005 Rank | 28 |
| Sales* ($ Millions) | 1,903.9 |
| Sales Growth (over prev. year) |
40 % |
| Profits* ($ Millions) | 194.7 |
| Return on Equity | 21.8 % |
| Total Return on Sales (12-mo.) | 82.8 |
| Share Price As of 5/31/06 | 54.46 |
| CURRENT MARKET INFO | NasdaqNM: NIHD |
| No. of Employees | 6,017 |
| Industry | Telecommunications |
| COMPANY WEB SITE > | |
*Trailing 12 months
Stock price data as of 5/31/06
DATA: Standard & Poor's Compustat
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Company Snapshot
NII Holdings, through its subsidiaries, provides digital wireless communication services primarily for business customers in Latin America. Its digital mobile networks support multiple digital wireless services that comprise digital mobile telephone service, including various calling features, such as speakerphone, conference calling, voice-mail, call forwarding, and additional line service; Nextel Direct Connect service, which allows subscribers anywhere on its network to talk to each other on a private one-to-one call or on a group call; International Direct Connect service that enables subscribers to communicate with its subscribers in Mexico, Brazil, Argentina, Peru, the U.S., and Canada; Internet services, mobile messaging services, email, and location-based services through GPS technologies; and international roaming capabilities. The company also offers analog specialized mobile radio services in Mexico, Brazil, Peru, and Chile. NII Holdings was founded in 1995. It was formerly known as Nextel International, and changed its name to NII Holdings in 2001. The company is headquartered in Reston, Va.
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