NII Holdings Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2012. For the quarter, the company's operating revenues were $1,630.1 million compared to $1,622.8 million a year ago. Operating income was $187.7 million compared to $275.0 million a year ago. Income before income tax provision was $73.8 million compared to $204.2 million a year ago. Net income was $10.9 million or $0.06 per diluted share compared to $96.8 million or $0.56 per diluted share million a year ago. Operating income before depreciation and amortization was $357.7 million compared to $430.9 million a year ago. Net debt as of March 31, 2012 was $2,401.0 million. Consolidated first quarter 2012 capital expenditures were $234 million. The company provided CapEx guidance for the full year 2012. The company expects CapEx spending of $1.7 billion for the full year 2012.