|Traded as||NASDAQ: NIHD|
|Headquarters||Reston, Virginia, United States|
|Key people||Steve Shindler (CEO)|
|Products||Two way messaging, Push to Talk|
|Revenue||USD 6.746 billion|
NII Holdings, Inc. (formerly Nextel International) is a holding company that, through its various subsidiaries, provides iDEN-based mobile communications services under the Nextel brand in five Latin American countries including; Argentina, Brazil, Chile, Mexico and Peru. NII recently launched HSDPA-based 3G service in Mexico as planned expansion in other countries continues.
Agreement with Televisa
In February 2010, NII Holdings and Grupo Televisa signed a definitive agreement under which Televisa will acquire an equity stake in Nextel Mexico. Under the agreement, Televisa will invest $1.44 billion in cash for an initial 30% equity stake in Nextel Mexico, which reflects an implied pre-investment value of Nextel Mexico of $4.3 billion. On October 19, 2010, Company Vice-president and current COO in Mexico Gustavo Cantu announced the partnership had been terminated by mutual agreement. More recently Cantu spoke about the future of content and telecommunications in Mexico. 
On October 27, 2004, the Company would amend its 2003 Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q for the first and second quarters of 2004 to restate its financial statements to correct the errors in the periods in which they originated as soon as practical.
On March 7, 2005, the company said it would restate financial statements for full-year 2003 and the first nine months of 2004 after finding accounting errors.
- NII HOLDINGS - About Us
- "NII Holdings Completes Its Review of Nextel Mexico Bookkeeping Errors and Announces Plans to Amend Certain Prior Period Filings; The Cumulative Effect Is a $3.4 Million Understatement of Income Before Taxes and a $2.1 Million Overstatement of Operating Income Related to Prior Periods; Correction of the Errors Will not Impact Third Quarter Results".
- "NII Holdings to restate 2003, 2004 results.".
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