NII Holdings, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company reported operating revenues of $225.1 million against $249.2 million a year ago. Operating loss was $68.9 million against $28.8 million a year ago. Loss from continuing operations before reorganization items and income tax provision was $93.7 million against $4.2 million a year ago. Net loss from continuing operations was $87.5 million or $0.87 basic and diluted per share against $4.8 million or $0.05 basic and diluted per share a year ago. Net loss was $84.8 million or $0.85 basic and diluted per share against $9.9 million or $0.10 basic and diluted per share a year ago. Negative OIBDA was $59.6 million against OIBDA of $11.9 million a year ago. Negative adjusted OIBDA was $5.4 million against adjusted OIBDA of $14.4 million a year ago. Capital expenditures were $9 million. Net cash used in operating activities was $1 million.

For the six months, the company reported operating revenues of $476.1 million against $475.7 million a year ago. Operating loss was $148.8 million against $82.8 million a year ago. Loss from continuing operations before reorganization items and income tax provision was $186.4 million against $36.6 million a year ago. Net loss from continuing operations was $180.2 million or $1.80 basic and diluted per share against $37.6 million or $0.37 basic and diluted per share a year ago. Net loss was $177.5 million or $1.17 basic and diluted per share against $46.5 million or $0.46 basic and diluted per share a year ago. Negative OIBDA was $126.5 million against $2.0 million a year ago. Negative adjusted OIBDA was $0.3 million against adjusted OIBDA of $6.4 million a year ago. Net cash used in operating activities was $46.4 million against net cash provided by operating activities of $8.0 million a year ago.

For the quarter, the company reported asset impairment charges of $0.2 million against $7.3 million a year ago.

The company updated its guidance for operational free cash burn for the full year 2017 from a range of $200 to $250 million to a range of $150 to $200 million.