US-based digital trunking firm NII Holdings, which provides wireless services under the Nextel brand in Brazil, Mexico, Argentina, Peru and Chile, has announced its consolidated financial results for the fourth quarter and full year 2011. The company said it generated consolidated operating revenues of USD6.719 billion in the year ended 31 December 2011, up 20% from USD5.601 billion the previous year, while Q4 2011 revenue inched up 5% to USD1.595 billion from USD1.520 billion in the year-ago quarter.
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OVETEL NII Holdings posts Q4 loss on higher costs
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