NII Holdings Announces Pricing Of Senior Notes Offering

           NII Holdings Announces Pricing Of Senior Notes Offering

PR Newswire

RESTON, Va., Feb. 11, 2013

RESTON, Va., Feb. 11, 2013 /PRNewswire/ --NII Holdings, Inc. (NASDAQ: NIHD)
today announced the pricing of the offering, through its wholly owned
subsidiary NII International Telecom S.C.A., of $750 million principal amount
of 11 3/8% Senior Notes due 2019. The issue price is 100% of the principal
amount of the notes. The size of the offering was increased from the
previously announced $400 million to $750 million. The notes were offered in a
private placement pursuant to Rule144A and Regulation S under the Securities
Act of 1933, as amended. The sale of the notes is expected to close on or
about February 19, 2013. The notes will be issued by NII International Telecom
S.C.A., a partnership limited by shares organized and established under the
laws of Luxembourg, and guaranteed by NII Holdings.

(Logo: http://photos.prnewswire.com/prnh/20110919/FL70458LOGO )

The notes have not been registered under the Securities Act of 1933, as
amended, or any state securities laws, and may not be offered or sold in the
United States absent registration under, or an applicable exemption from, the
registration requirements of the Securities Act of 1933, as amended, and
applicable state securities laws.

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.

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 company's securities, the performance of the company's business
and other risks detailed from time-to-time in the company's filings with the
Securities and Exchange Commission. There is no assurance that NII Holdings,
Inc. will complete the sale of the notes.

Media Contacts:

NII Holdings, Inc.
1875 Explorer Street, Suite 1000
Reston, VA. 20190
(703) 390-5100
www.nii.com

Investor Relations: Tim Perrott
(703) 390-5113
tim.perrott@nii.com

Media Relations: Claudia Restrepo
(786) 251-7020
claudia.restrepo@nii.com

SOURCE NII Holdings, Inc.

Website: http://www.nii.com
 
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