Want to Hike Mount Everest? Bring Trash Bags

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Want to Hike Mount Everest? Bring Trash Bags

UPDATE 1-NII Holdings warns on profit as subscriber losses mount

UPDATE 1-NII Holdings warns on profit as subscriber losses mount
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Thu Oct 31, 2013 11:17am EDT





* Third-quarter earnings $ 1.74/share vs est. $ 1.17




* Revenue $ 1.10 bln vs est. $ 1.23 bln




* Shares drop 21 pct to a more than 10-year low (Adds details from conference call, updates share movement)




Oct 31 (Reuters) – NII Holdings Inc, which provides telecom services under the Nextel brand in Latin America, said it would miss its full-year profit forecast, mainly due to subscriber losses in Mexico and higher investments in its 4G network.




The company’s shares fell as much as 21 percent to a more than 10-year low at open on Thursday.




NII said its new network in Mexico was unable to handle the migration of customers from Sprint Corp’s iDEN network, causing outages and service problems. This led to higher customer defections and lower average subscriber revenue, NII Chief Executive Steve Shindler said on a conference call.




“We expect more subscriber losses in the fourth quarter,” he said.




NII, which operates the Nextel brand under a license from Sprint, was forced to shift customers to its own network after Sprint shut the iDEN network in June.




The iDEN network is used mostly by business customers.




NII said it expected full-year adjusted operating income before depreciation and amortization to come in at least $ 200 million below its prior forecast of $ 600 million to $ 650 million.




The company, which targets business customers in Mexico, Brazil, Argentina and Chile, also said it was modifying its compensation plans to slash costs and was cutting sales jobs.




NII reported net subscriber losses of 178,400 during the third quarter ended Sept. 30. The losses were much bigger than the 32,000 estimated by Wells Fargo analyst Jennifer Fritzsche. Macquarie Capital’s Kevin Smithen was looking for additions of 3,000.




NII’s quarterly results were also hit by higher investments in its next-generation networks, lower average revenue per subscriber and customer migration costs in Mexico.




The company’s net loss widened to $ 299.9 million, or $ 1.74 per share, from $ 82.4 million, or 48 cents per share, a year earlier.




Operating revenue dropped 22 percent to $ 1.10 billion.




Analysts on average had expected a loss of $ 1.17 per share on revenue of $ 1.23 billion, according to Thomson Reuters I/B/E/S.




The company’s shares were down 17 percent at $ 3.96 on the Nasdaq after touching a low of $ 3.80 earlier. (Reporting by Sruthi Ramakrishnan in Bangalore; Editing by Sriraj Kalluvila and Kirti Pandey)





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Reuters: Financial Services and Real Estate

Read more about UPDATE 1-NII Holdings warns on profit as subscriber losses mount and other interesting subjects concerning Real Estate at TheDailyNewsReport.com

... Close pull-offs to bar views of Mount Rushmore...

A few days BigFurHat @iOTW predicted the following:

Many laughed thinking it was silly.    Well, it has indeed come to pass

Rushmore blockage stirs anger in S.D.  - Blocking access to trails and programs at South Dakota’s most popular attraction was one thing, but state officials didn’t expect Congress’ budget stalemate to shut down a view of Mount Rushmore.

The National Park Service placed cones along highway viewing areas outside Mount Rushmore this week, barring visitors from pulling over and taking pictures of the famed monument.  (link)

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... Close pull-offs to bar views of Mount Rushmore...

Barrycades: Feds Try to Shut Down Privately Owned Mount Vernon

“Deliberate effort by Obama to hurt the public”

Paul Joseph Watson
Infowars.com
October 3, 2013

The National Park Service erected barricades to shut down parking lots surrounding Mount Vernon despite the fact that the tourist destination is privately owned, another example of how the feds are deliberately worsening the government shut down.

Mount Vernon is the former plantation of George Washington and is owned by the Mount Vernon Ladies’ Association, which doesn’t receive any government funding. The attraction’s official website reads, “NO SHUTDOWN HERE – The Federal government may be shut down, but Washington’s home remains open. Mount Vernon has remained a private non-profit for more than 150 years.”

However, a dispute began when the National Park Service began putting up barricades to block off the facility’s car park, blockading the entrance as well as a spot where tour buses turn around.

The parking lots are co-owned by Mount Vernon and the NPS, but require no immediate maintenance at all, meaning the decision to close them down was completely unnecessary.

The feds even blocked off a small area consisting of just three parking spaces.

After blogger Stephen Gutowski exposed the situation, Newt Gingrich got in on the act, tweeting, “The tour bus turnaround at Mount Vernon has been closed by federal police. This is deliberate effort by Obama to hurt the public. Disgusting.”

Numerous other sites around DC have been unnecessarily closed by the NPS and other federal agencies in what critics are labeling a cynical political stunt which only serves to punish the American people.

In some cases, efforts to shut down these sites actually require more manpower and resources than if they had been left open, highlighting the fact that this is an act of partisan theater by the Obama administration to pin the blame for the government shutdown on Republicans and opponents of Obamacare.

- Numerous hiking and biking trails throughout the greater DC region, despite requiring zero immediate maintenance or patrols, have been closed down. Irate citizens are merely flouting the law and using them anyway.

- The NPS has stationed officers along the Chesapeake & Ohio Canal that runs 184 miles from Washington, D.C. to Cumberland, Maryland to make sure nobody uses the bike paths. It would have required less manpower to keep this trail open. The handles on all the well pumps have also been removed.

- The feds also shut down a tiny park in which children play on fake turtles, prompting angry mothers to remove the barriers, only to see them put back up. “The park is extremely small and sort of seems pointless to block off,” reports the Daily Caller.

- Lincoln Park in DC, which is known to be used by several Democratic Senators, was not shut down, but numerous national parks across Montana were closed.

- The most widely reported case occurred at the World War II memorial in DC, where the NPS tried to prevent veterans from seeing the monument by erecting barriers and even threatening vets with arrest. The veterans stormed through the barricades anyway. “People had to spend hours setting up barricades where there are never barricades to prevent people from seeing the World War II monument because they’re trying to play a charade,” Senator Rand Paul told Fox News.

Senior Republicans on the House Natural Resources Committee are considering opening up an investigation into where the Obama administration directly ordered the “outrageous” closure of the memorial as part of a ploy to “make the current lapse in appropriations as conspicuous and painful to the public as possible,” according to the letter from chairman Doc Hastings, R-Wash., and subcommittee chairman Rob Bishop, R-Utah.

Facebook @ https://www.facebook.com/paul.j.watson.71
FOLLOW Paul Joseph Watson @ https://twitter.com/PrisonPlanet

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Paul Joseph Watson is the editor and writer for Infowars.com and Prison Planet.com. He is the author of Order Out Of Chaos. Watson is also a host for Infowars Nightly News.

This article was posted: Thursday, October 3, 2013 at 5:54 am

Tags: domestic news, government corruption

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Barrycades: Feds Try to Shut Down Privately Owned Mount Vernon

Video: Mount Obama? Set In Stone?

Have Americans lost their mind? Obama may be added to Mount Rushmore!

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Video: Mount Obama? Set In Stone?