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8-K - FORM 8-K - NII HOLDINGS INC | w82145e8vk.htm |
Exhibit 99.1
NII Holdings, Inc.
1875 Explorer Street, Suite 1000
Reston, Va. 20190
(703) 390-5100
1875 Explorer Street, Suite 1000
Reston, Va. 20190
(703) 390-5100
Contacts:
Investor Relations: Tim Perrott
(703) 390-5113
tim.perrott@nii.com
Investor Relations: Tim Perrott
(703) 390-5113
tim.perrott@nii.com
Media Relations: Claudia E. Restrepo
(786) 251-7020
claudia.restrepo@nii.com
(786) 251-7020
claudia.restrepo@nii.com
NII Holdings Announces Proposed Offering of Senior Notes
RESTON, VA, March 24, 2011 NII Holdings, Inc. (Nasdaq: NIHD) today announced that it
intends to offer through its wholly owned subsidiary NII Capital Corp., subject to market and other
conditions, approximately $500 million principal amount of Senior Notes due 2021. The notes will be
issued by NII Capital Corp. and guaranteed by NII Holdings and certain of NII Holdings other
United States subsidiaries.
NII intends to use the net proceeds from the notes offering for general corporate purposes,
which may include, without limitation, expansion of its existing network, either through capital
expenditures for internal expansion or acquisitions of other operators; the acquisition of
telecommunications spectrum licenses or other assets; the deployment of new network technologies;
or the refinancing, repayment or repurchase of outstanding indebtedness.
Goldman, Sachs & Co., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., J.P.
Morgan Securities LLC and Morgan Stanley & Co. Incorporated will act as joint book-running managers
for the notes offering.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy,
nor shall there be any sale of these securities in any state or jurisdiction in which such an
offer, solicitation or sale would be unlawful. The proposed offering is being made pursuant to an
automatic shelf registration statement on Form S-3 filed today with the Securities and Exchange
Commission (SEC), which is effective. The offering will be made only by means of a prospectus.
A copy of the preliminary prospectus for the offering may be obtained from the SECs website at
www.sec.gov. Alternatively, the underwriters will arrange to send you the preliminary prospectus
upon request to Goldman, Sachs & Co., Attention: Prospectus Department, 200 West Street, New York,
NY 10282, telephone: (866) 471-2526, fax: (212) 902-9316, email: prospectus-ny@ny.email.gs.com.
About NII Holdings
NII Holdings a publicly held company based in Reston, Va., is a leading provider of mobile
communications for business customers in Latin America. NII Holdings has operations in Mexico,
Brazil, Argentina, Peru and Chile offering a fully integrated wireless communications tool with
digital cellular voice services, data services, wireless Internet access and Nextel Direct Connect®
and International Direct ConnectSM, a digital two-way radio feature.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of
the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as
amended. These statements can be identified by the use of forward-looking terminology, including
may, believe, will, expect, anticipate, estimate, plan, intend, and forecast, or
other similar words. Statements contained in this press release are based upon information
presently available to us and assumptions that we believe to be reasonable. We are not assuming any
duty to update this information should those facts change or should we no longer believe the
assumptions to be reasonable. These statements are subject to risks and uncertainties, including
without limitation, general market conditions, the market for the companys securities, the
performance of the companys business and other risks detailed from time-to-time in the companys
filings with the Securities and Exchange Commission. There is no assurance that NII Holdings, Inc.
will offer the notes or on what terms.