UPDATE 2-NII Holdings Q3 misses, cuts FY rev outlook
* Q3 adj EPS $0.36 vs est $0.54
* Q3 rev $1.75 bln vs est $1.77 bln
* Cuts FY rev est to $6.8 bln from $7.1 bln earlier
* Shares fall as much as 18 pct (Adds analyst comments, trading volume; updates share move)
Oct 27 (Reuters) - Wireless carrier NII Holdings Inc's third quarter missed estimates and cut full-year revenue outlook as it expects to be hit by lower exchange rates and increased competition in its Latin American market.
Shares of the company, which operates under the Nextel brand, were down 15 percent at $25.84 in afternoon trade. They touched a low of $25.03 in morning trade.
More than 11 million shares changed hands by 1412 ET, about four times their average volumes.
"Investors already knew about the impact from currency, but the information on increased competitive environment in Brazil is new," Mizuho Securities analyst Michael Nelson said.
Competitors like Telefonica Brasil SA could slow NII's growth rate in Brazil, he said. Continuación...