NII Holdings, Inc. , ( NIHD ) has recently declared dismal second-quarter 2012 results where both its top and bottom lines fell short of the Zacks Consensus Estimates.
NII Holdings reported weak subscriber addition during the second quarter of fiscal 2012 coupled with lower Average Revenue per Subscriber (ARPU) and higher churn rate. Delay in the launch of 3G services and reduction of customer retention cost has resulted in such disapointing results.
