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NII Holdings and Free Sample, AINMT announce partnership to invest in Of Report Nextel Brazil#x27;s growth strategy. RESTON, Va., June 6, 2017 /PRNewswire/ -- NII Holdings, Inc. (NIHD) and AINMT Holdings AB (AINMT), an international telecommunications company and parent of the Norwegian operator ice, the fastest growing mobile network operator in Norway, announced today that they have entered into an agreement to jointly own and Invoices, operate Brazilian mobile telecommunications company Nextel Brazil. Initially and subject to 54 Best Cool | Creative, certain conditions, AINMT will invest $50 million for a 30% stake in Nextel Holdings S.a r.l. (the Company), a wholly-owned subsidiary of NII, which owns Nextel Brazil. AINMT will have the option to invest an additional $150 million in the Company. If such option is exercised, AINMT's total $200 million new equity investment would result in a 60% controlling stake in the Company. NII will contribute capital in accordance with the Investment Sequencing described below and retain a 40% stake in Free the Company if AINMT exercises its option. The newly-formed partnership will benefit from AINMT's significant experience in the telecom space and financial backing from AINMT's shareholders, including Access Industries, a global technology, media and telecom and industrial group. The partnership is expected to provide Nextel Brazil with a significant increase in capital to revitalize the business and enable it to pursue a growth strategy that NII could not fund alone. Assuming AINMT's option to make the additional $150 million investment is exercised, Nextel Brazil would have an 54 Best On Pinterest, enhanced financial profile to pursue a newly developed commercial strategy that contemplates continued investments in Nextel Brazil's key markets with a focus on expanding its subscriber base. Brazilian consumers will benefit from the combination of two leading telecommunications companies focused on Free Sample, the consumer experience and enhanced offerings in Cool Creative Cv Images | Creative an evolving data-driven wireless market. A stronger Nextel Brazil will be able to provide consumers with more alternatives, better service and best practices currently being deployed by AINMT in Scandinavia.
In announcing the transaction, Steve Shindler, NII's CEO said, We are excited to partner with AINMT as it continues to export its customer-centric and LTE-driven model to highly populated emerging markets around the globe. We believe that gaining access to their differentiated approach and data-driven strategy will allow Nextel Brazil to significantly expand both its growth and profitability. AINMT's CEO, JD Fouchard, said, Nextel Brazil offers ideal conditions for Sample Invoices AINMT to implement its successful operating model. The spectrum holdings at multiple frequencies and the 2.9 million 3G/LTE subscribers Nextel already has in Brazil provide a solid foundation of assets on which to build, expanding the LTE network footprint and profitably growing the subscriber base. Our investment in Nextel Brazil represents a great opportunity and we welcome our new partnership with NII. We believe in the power of mobile broadband and associated services to bring fresh innovation, growth and development to the Brazilian market. We are always striving to improve and make a positive difference to the lives of our customers and Surveyor Cv Sample | Myperfectcv, the economic well-being of the communities we serve. NII has undergone numerous transformational initiatives in the past 18 months to turn around and stabilize Nextel Brazil's operations through improvements in its cost structure and a significant reduction in churn. As a result of these actions, Nextel Brazil has delivered five consecutive quarters of positive adjusted OIBDA 1 . Newly appointed CEO of Nextel Brazil, Roberto Rittes, said, We welcome this investment, which will significantly strengthen our strategic and operational options and capabilities.
It also enables a renewed focus on growing our 3G and LTE business by attracting and retaining customers who value the high quality wireless services we offer. The new partnership between NII and AINMT will enhance the trajectory of the Free business, offering a number of advantages to improve its competitive position: newly developed and state-of-the-art data-centric wireless networks; high quality spectrum position with LTE capabilities in Rio de Janeiro and Sao Paulo; an attractive subscriber base with the highest ARPU in Brazil; a well-known, respected brand with leading Net Promoter Score 2 ; over $200 million in new growth capital, assuming both stages of Cool Cv Images, AINMT's investments are completed; backing of AINMT's majority shareholder, Access Industries; and the addition of AINMT team members with extensive telecom expertise and a track record of turnarounds. The transaction will take place in two key steps (Investment Sequencing): AINMT will conduct a $50 million share issuance, underwritten by AINMT's existing shareholders, including Access Industries, to fund the initial investment. By the Free Invoices first closing, NII will have contributed to the Company all of its freely distributable cash and 54 Best Cv Images On Pinterest, proceeds from the return of Invoices, its escrow from the Start Word, Documents sale of Nextel Mexico (Mexico Escrow), except for Sample Invoices $50 million in cash that will remain at Ending Letters - The Best Letter Sample, NII. NII has also agreed to contribute future proceeds from the Mexico Escrow. Sample Invoices. NII will retain a 70% interest in Business Start Up Cost - 5+ Free Excel Documents the Company and AINMT will hold a 30% interest. Closing of Free Invoices, Step 1 is subject to Quantity Cv Sample, (a) approval by AINMT and AINMT AS shareholders, (b) contribution to the Company of the Free Sample assets of NII International Mobile S. a r.l. and confirmation of the tax treatment of such contribution, (c) Brazilian antitrust approval, and (d) reasonable acceptance by AINMT of updated disclosure schedules. In a second step, AINMT will have an option, exercisable by November 15, 2017, to invest an additional $150 million to increase its ownership in the Company to 60%. Start Word, Excel Documents. The option is conditioned upon receiving certain concessions from Nextel Brazil's lenders.
If AINMT elects to exercise its option, NII will ask its shareholders to Sample Invoices, vote in favor of the transaction. The second step of the transaction must be completed by Ending Salutations For Business Letters - The Best Letter, January 31, 2018, and the Company anticipates the transaction to close by the first quarter of Free Sample, 2018. Business - 5+ Word, Documents. At that time, NII stockholders are expected to Sample, hold a 40% stake in the Company. Closing of the transaction is subject to amendment of Scientific Report ? Definition Of Report Scientific, Nextel Brazil's credit facilities and release and substitution of certain existing guarantees, as well as other customary closing conditions, including regulatory and antitrust approvals, approval from NII's stockholders and Free Sample Invoices, third-party approvals. NII was advised by Jones Day and Mattos Filho. Rothschild acted as NII's exclusive financial advisor. This press release includes a statement on OIBDA, which is How To Noticed By A Consulting Firm, a financial metric calculated and presented on the basis of Sample Invoices, methodologies that are not in accordance with U.S. Generally Accepted Accounting Principles, or GAAP. How To My Resume To Get Noticed Consulting Firm. Management, as well as certain investors, use non-GAAP financial measures to evaluate NII Holdings' current and future financial performance. Sample Invoices. The non-GAAP financial measure included in this press release does not replace the presentation of NII Holdings' GAAP financial results. OIBDA provides supplemental information to assist investors in analyzing NII Holdings' financial position and results of operations.
NII Holdings has chosen to How To My Resume By A Firm - Quora, provide this information to investors to enable them to perform meaningful comparisons of past, present and Free, future operating results and as a means to Cool Creative Cv, Resume, emphasize the results of core on-going operations. Reconciliations of the non-GAAP financial measure provided in this release to the most directly comparable GAAP measures are provided below. To view this and other reconciliations of Free Invoices, non-GAAP financial measures that NII Holdings uses, visit the investor relations link at www.nii.com. NII and AINMT will host a joint investor conference call to Release Employee | Cover Jobs, discuss the partnership and new equity investment at Invoices, 11:00am EST on June 6 th , 2017. Participants may dial the following access numbers: US: 800-768-3395 | Brazil: 0800-038-5060 | Norway: 8001-9903 | Sweden: 02079-6588 | UK: 0800-496-0495 | Password: NII. About NII Holdings, Inc. NII Holdings, Inc., a publicly held company based in Reston, Virginia, is a provider of differentiated mobile communication services for businesses and high value consumers in Brazil. NII Holdings, operating under the Nextel brand, offers fully integrated wireless voice services, data services and wireless Internet access. Ending Salutations For Business Letters Best Letter. Visit NII's website at www.nii.com. Visit NII Holdings' news room for Sample Invoices news and to access our market's news center: www.nii.com/newsroom.
About Nextel Brazil. Nextel Brazil provides wireless communication services under the How To Tweak My Resume To Get Noticed Consulting Nextel ™ brand in Brazil with principal operations located in major urban and Free, suburban centers with high population densities and related transportation corridors of the country where there is a concentration of Brazil's business users and economic activity, notably Rio de Janeiro and Sao Paulo. AINMT is an international telecommunications company. Its focus is wireless data communication services, the Report 2 Contents: ? Definition Of Report Scientific fastest growing business segment within the telecom sector. AINMT's Norwegian operation, ice.net, is Norway's third largest mobile network operator and fastest growing provider of voice and wireless data services operating on 4G-only networks for Sample smartphones and mobile broadband. Today, the company is well established in Scandinavia (Norway, Sweden and Denmark) and has recently launched 4G networks in Indonesia and Start Up Cost Template - 5+ Documents, the Philippines. For more information, visit www.ainmt.com. About Access Industries. Access Industries is a privately held, U.S.-based industrial group with global strategic investments. Founded in 1986 by Len Blavatnik, an American entrepreneur and philanthropist, the group is headquartered in New York, with offices in Free Sample London and Moscow.
Access invests in industries where it can maximize long-term value by developing regional and global leaders. Form Employee Letter Samples Jobs. Its industrial focus spans four key sectors: natural resources and chemicals; media and telecommunications; real estate and hospitality; and venture capital. For more information, visit www.accessindustries.com. Additional Information and Where to Find It. In the event AINMT exercises the option to invest an Invoices, additional $150 million in the Company in the second stage of the transaction, NII Holdings Inc. intends to file with the Employee | Cover Samples Jobs Securities and Sample, Exchange Commission (SEC) a proxy statement in connection with that contemplated transaction. The definitive proxy statement will be sent to NII's stockholders and will contain important information about the contemplated transaction. INVESTORS AND STOCKHOLDERS ARE URGED TO READ CAREFULLY AND IN THEIR ENTIRETY THE PROXY STATEMENT AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC WHEN THEY BECOME AVAILABLE. Investors and stockholders may obtain a free copy of the proxy statement (when it is available) and other documents filed with the Release Form Employee | Cover Letter For Warehouse Jobs SEC at the SEC's website at www.sec.gov. Certain Information Concerning Participants. In the event AINMT exercises the option to invest an additional $150 million in the Company in the second stage of the Free Invoices transaction, NII and its directors and executive officers may be deemed to be participants in the solicitation of proxies from stockholders of NII in connection with the contemplated transaction.
Information about NII's directors and executive officers is set forth in its proxy statement for its 2017 Annual Meeting of Stockholders and its most recent annual report on Tweak My Resume To Get Noticed Firm, Form 10-K. These documents may be obtained for free at the SEC's website at www.sec.gov. Additional information regarding the Sample interests of Report Scientific, participants in the solicitation of proxies in connection with the contemplated transactions will be included in Invoices the proxy statement that NII intends to file with the SEC in the event AINMT exercises its option in the second stage of the transaction. Safe Harbor Statement. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995. This news release includes forward-looking statements within the Employee Letter Jobs meaning of the securities laws.
The statements in Sample Invoices this news release regarding the Scientific Of Report partnership in Nextel Brazil, including the successful completion of the partnership, the ownership of NII and AINMT in the partnership and the cash available to be invested through the partnership in Nextel Brazil; Nextel Brazil's business and Invoices, economic outlook; Nextel Brazil's future performance and forward-looking guidance, as well as other statements that are not historical facts, are forward-looking statements. Forward-looking statements are estimates and projections reflecting management's judgment based on currently available information and involve a number of risks and uncertainties that could cause actual results to differ materially from For Warehouse Jobs, those suggested by the forward-looking statements. Free Invoices. With respect to these forward-looking statements, management has made assumptions regarding, among other things, NII's ability to complete the proposed transaction in a timely fashion or at all, including receiving the required regulatory and How To Tweak Noticed Consulting Firm, shareholder approvals and the amount of cash available to Free Invoices, NII to Tweak My Resume To Get Noticed By A - Quora, invest in the partnership, NII's ability to modify its loan and other agreements as required to complete the transaction, NII's ability to meet its business plans, customer growth and retention, pricing, network usage, operating costs, the timing of various events, the economic and Sample, regulatory environment and the foreign currency exchange rates that will prevail during 2017. Future performance cannot be assured and actual results may differ materially from those in the forward-looking statements. Some factors that could cause actual results to differ include the Release Form Employee Letter Samples For Warehouse Jobs risks and uncertainties relating to: the consummation of the partnership in the expected timeframe, if at all, the impact of liquidity constraints, including the Sample Invoices ability to access escrowed and pledged funds when expected, the ability to reach agreement with lenders on amendments to the terms of 2 Contents: Scientific, financing arrangements, the ability to satisfy the conditions of the partnership, the impact of more intense competitive conditions and changes in economic conditions in Brazil, the performance of Nextel Brazil's networks, the ability to provide services that customers want or need, the ability of NII to continue as a going concern, NII's ability to execute its business plan for Nextel Brazil, and the additional risks and Free Sample Invoices, uncertainties that are described in NII's Annual Report on Form 10-K for the period ended December 31, 2016, as well as in other reports filed from time to time by NII with the How To My Resume To Get Noticed Consulting Firm SEC.
This press release speaks only as of its date, and NII disclaims any duty to Sample, update the Noticed By A Consulting Firm - Quora information herein. Operating income before depreciation and Free Invoices, amortization, or OIBDA, represents operating (loss) income before depreciation and amortization expense. Adjusted OIBDA represents operating income before depreciation expense, amortization expense, material non-cash asset impairments, severance costs associated with publicly announced restructuring plans and other material non-recurring or unusual charges. Adjusted OIBDA is not a measurement under accounting principles generally accepted in the United States, may not be similar to adjusted OIBDA measures of other companies and should be considered in addition to, but not as a substitute for, the information contained in Report 2 Contents: Of Report Scientific our statements of operations. We believe that adjusted OIBDA provides useful information to Free Sample, investors because it is an Form Employee | Cover Letter Samples, indicator of our operating performance, especially in a capital intensive industry such as ours, since it excludes items that are not directly attributable to Sample Invoices, ongoing business operations. Adjusted OIBDA can be reconciled to operating loss as follows: US$ and BR R$ in thousands. Reversal of Scientific Report 2 Contents: ? Definition Of Report Scientific, accrued tax contingency (US$)
Asset impairment charges(US$) Restructuring charges (US$) Adjusted OIBDA (US$) Average quarterly exchange rate. Adjusted OIBDA (BR R$) 1 Adjusted operating income before depreciation and amortization, or adjusted OIBDA, represents operating income before depreciation expense, amortization expense, material non-cash asset impairments, severance costs associated with publicly announced restructuring plans and other material non-recurring or unusual charges.
2 Based on Worthix market intelligence (methodology analogous to Invoices, Net Promoter Score).
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For example, the following procedure specifies that if an error occurs, execution passes to the line labeled Error_MayCauseAnError : The On Error GoTo 0 statement disables error handling within a procedure. It doesn't specify line 0 as the start of the error-handling code, even if the procedure contains a line numbered 0. If there's no On Error GoTo 0 statement in your code, the Report 2 Contents: ? Definition Of Report error handler is Sample, automatically disabled when the Business Start Up Cost Template Word, procedure has run completely. The On Error GoTo 0 statement resets the properties of the Free Invoices Err object, having the same effect as the Clear method of the Err object. The On Error Resume Next statement ignores the line that causes an error and routes execution to 54 Best On Pinterest the line following the line that caused the error. Execution isn't interrupted.
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Once the error handler has checked for all the errors that you've anticipated, it can regenerate the original error. Execution then passes back up the calls list to the error handler in Procedure B, if one exists, providing an Salutations Letters Best, opportunity for this error handler to correct the error. If no error handler exists in Procedure B, or if it fails to correct for the error and regenerates it again, then execution passes to the error handler in Procedure A, assuming one exists. To illustrate this concept in another way, suppose that you have a nested procedure that includes error handling for a type mismatch error, an error which you've anticipated. At some point, a division-by-zero error, which you haven't anticipated, occurs within Procedure C. If you've included a statement to regenerate the original error, then execution passes back up the calls list to another enabled error handler, if one exists.
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Getting Information About an Error. Once execution has passed to the error-handling routine, your code must determine which error has occurred and address it. Visual Basic and Microsoft Access provide several language elements that you can use to My Resume To Get Noticed get information about a specific error. Each is suited to different types of errors. Free Sample Invoices! Since errors can occur in different parts of your application, you need to determine which to Ending Letter use in Sample your code based on Report 2 Contents: ? Definition Of Report Scientific, what errors you expect. The language elements available for Invoices error handling include: The Err object is provided by Visual Basic.
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The following example shows how to use the Err object in a procedure that may cause a type mismatch error: Note that in the preceding example, the Raise method is used to regenerate the original error. If an error other than a type mismatch error occurs, execution will be passed back up the calls list to another enabled error handler, if one exists. The Err object provides you with all the Report 2 Contents: ? Definition information you need about Free Invoices Visual Basic errors. However, it doesn't give you complete information about Microsoft Access errors or Microsoft Jet database engine errors. Surveyor Cv Sample | Myperfectcv! Microsoft Access and Data Access Objects (DAO)) provide additional language elements to assist you with those errors. The Error Object and Sample Invoices Errors Collection. The Error object and Errors collection are provided by ADO and DAO.
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