NII Holdings Inc (NIHD) fell -33.33% today, hitting its 52-week low of $0.07. A bankruptcy protection filing rocked the company this week, sending its share price down nearly 50% over the past five days.
US-based NII Holdings Inc, the parent company of Nextel-branded operators in a number of Latin America countries, which filed for US bankruptcy protection earlier this week, has vowed to hang on to its Nextel Brasil unit, Reuters reports.
Last week was a mixed one for the telecom sector. Latin American wireless operator NII Holdings Inc. ( NIHD ) filed for Chapter 11 bankruptcy protection owing to soaring debt and intensifying competition.
Virginia US-based mobile communication services firm NII Holdings Inc (NASDAQ: NIHD) said that the company and certain of its US and Luxembourg-based subsidiaries commenced chapter 11 proceedings under the US Bankruptcy Code for the Southern ...