Subject: [NEXTEL-1] Brazil: Nextel expands income and users

From: Marcel <[email-masked]>
Date: Sat, 23 Nov 2002 16:52:48 -0500

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Brazil: Nextel expands income and users

November 18, 2002 12:59pm

Brazil, Nov 18, 2002 (Jornal do Comercio/SABI via COMTEX) -- The mobile
communications operator Nextel has 420,000 users in Brazil and battles with
cellular service companies for corporate costumers, and while its US parent NII
Holdings faces financial problems, the subsidiary keeps generating income. From
Jan - Sept 2002 it increased by 33% its income to R$393mil with a positive cash
flow of US$5.1mil, from negative US$20.3mil in equal period in 2001. With a
relatively low number of users, Nextel has an average income of R$90 per user,
well below its cellular services competitors as BCP that has a R$55,48 average
user/income. The Brazilian Nextel slashes assets investments of R$577mil in 2001
to R$71mil until Sept 2002, while losses of R$400mil in 2001 dropped to R$74mil
cumulated until Sept. The goal for 2003 is to expand coverage where it offers
digital services, beginning with Rio de Janeiro.

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Copyright © 2002, South American Business Information, All rights reserved.

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INDUSTRY KEYWORD: Mobile Communications
EVENT: Corporate Performance

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