NII Holdings Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported operating revenues of $243.5 million compared with $220.6 million for the same period a year ago. Operating loss was $79.8 million compared with $54.1 million for the same period a year ago. Loss from continuing operations before reorganization items and income tax was $92.7 million compared with $32.4 million for the same period a year ago. Net loss from continuing operations was $92.7 million or $0.92 per basic and diluted share compared with $32.8 million or $0.33 per basic and diluted share for the same period a year ago. Net loss was $92.7 million or $0.92 per basic and diluted share compared with $36.6 million or $0.37 per basic and diluted share for the same period a year ago. Net cash used in operating activities was $45.3 million compared with $18.2 million for the same period a year ago. Adjusted OIBDA was $5.1 million compared with loss of $8.1 million for the same period a year ago.

For the quarter, the company reported asset impairment charges of $68.3 million compared with $1.0 million for the same period a year ago.