NII Holdings Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2018. For the quarter, the company's operating revenues were $141.7 million against $205.4 million a year ago. Operating income was $1.3 million against loss of $74.5 million a year ago. Loss from continuing operations before income tax benefit was $49.7 million against $85.5 million a year ago. Net loss from continuing operations was $49.7 million against $85.5 million a year ago. Net loss attributable to the company was $41.0 million against $61.0 million a year ago. Net loss from continuing operations per common share, basic and diluted was $0.50 against $0.85 a year ago. Net loss per common share, basic and diluted was $0.50 against $0.85 a year ago. Consolidated OIBDA was $8.1 million against loss of $68.4 million a year ago. Consolidated adjusted OIBDA was $8.1 million against loss of $33.6 million a year ago. Capital expenditures were $18 million for the quarter.

For nine months, the company's operating revenues were $479.0 million against $681.5 million a year ago. Operating loss was $32.2 million against $223.2 million a year ago. Loss from continuing operations before income tax benefit was $188.3 million against $271.4 million a year ago. Net loss from continuing operations was $188.3 million against $265.6 million a year ago. Net loss attributable to the company was $143.4 million against $238.4 million a year ago. Net loss from continuing operations per common share, basic and diluted was $1.88 against $2.65 a year ago. Net loss per common share, basic and diluted was $1.91 against $2.62 a year ago. Net cash used in operating activities was $96.9 million against $62.7 million a year ago. Consolidated OIBDA negative was $10.4 million against $194.7 million a year ago. Consolidated adjusted OIBDA was $3.7 million against loss of $33.8 million a year ago.

For the quarter, the company's asset impairment charges, net were $1.1 million.