NII Holdings

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NII Holdings, Inc.
Traded as OTC Pink: NIHDQ
Industry Wireless Services
Founded 1995[citation needed]
Headquarters Reston, Virginia, United States
Key people
Steve Shindler (CEO)
Products High speed networks Two way messaging, Push to Talk
Revenue USD 6.746 billion
Number of employees

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 Three Latin American countries, including Argentina, Brazil, and Mexico.[1] NII recently launched HSDPA-based 3G service in Mexico as planned expansion in other countries continues.

NII went through bankruptcy in 2014.[2]


Agreement with Televisa[edit]

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 implies Nextel Mexico's pre-investment value at $4.3 billion.[3] On October 19, 2010, however, vice president and 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.[4]


On October 27, 2004, NII amended 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.[5]

On March 7, 2005, the company said it would restate financial statements for the entirety of 2003 and the first nine months of 2004 after finding accounting errors.[6]


On January 26, 2015, it was announced that AT&T has entered into an agreement with NII Holdings, Inc. to acquire its wireless business in Mexico for US$1.875 billion, less the outstanding net debt of the business at closing, in a transaction pursuant to Section 363 of the U.S. Bankruptcy Code.


External links[edit]