NII Holdings Announces Corporate Governance Changes

             NII Holdings Announces Corporate Governance Changes

Chairman and CEO Roles Separated; Kevin Beebe Appointed as Chairman

Ricardo Knoepfelmacher Appointed as New Board Member

Board Declassified and Transitioning to Annual Elections

PR Newswire

RESTON, Va., May 23, 2013

RESTON, Va., May 23, 2013 /PRNewswire/ --NII Holdings, Inc. (NASDAQ: NIHD), a
provider of differentiated mobile communications services operating under the
Nextel brand in Latin America, announced today that its Board of Directors has
approved changes pertaining to its corporate governance at meetings held in
conjunction with its annual meeting of stockholders in Mexico City on May 22,
2013.

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

After careful consideration, the Board determined that it was in the best
interests of the Company to separate the positions of chairman of the Board
and chief executive officer and has elected director Kevin Beebe to serve as
its independent, non-executive chairman effective May 22, 2013. Mr. Beebe has
been a member of the Board since 2010 and president and chief executive
officer of 2BPartners LLC, a strategic and financial advisory firm, since
2007. He has extensive telecommunications experience, serving as group
president of operations at ALLTEL Corporation from 1998 to 2007 and as
executive vice president of operations for 360° Communications Co. from 1996
to 1998. With the election of Mr. Beebe as the independent, non-executive
chairman, Carolyn Katz will no longer serve as lead independent director. She
will continue as a director and chair of the audit committee. Mr. Shindler
will also continue to serve as a member of the Board.

In addition, Ricardo Knoepfelmacher has been elected to NII's Board of
Directors.
Mr.Knoepfelmacher co-foundedAngra Partners, a financial advisory and private
equity firm, in 2003. Prior to his service as managing partner at Angra
Partners, Mr. Knoepfelmacher served as chief executive officer of Brasil
Telecom from 2005 to 2009 and chief executive officer of Pegasus Telecom from
2000 to 2002. He also worked for Citibank and McKinsey & Company before
starting his first company, MGDK & Associados, a restructuring and consulting
firm later sold to Monitor Group. His background in telecom and in working
with companies to maximize their growth potential will be an important asset
for the Board of NII.

At the annual meeting, the company's stockholders also approved management's
proposed amendments to NII's governing documents that provide for a transition
from its current classified Board structure to one providing for the annual
election of its directors.

"With these latest actions, we continue to improve upon our corporate
governance structure, ensuring that our Board of Directors provides strategic
oversight for management and represents the interests of our stockholders,"
said Mr. Shindler. "I am thrilled to partner with Kevin in his new role as
Chairman. Kevin has a long history of leadership in the wireless industry and
has provided valuable leadership and strategic insight as a member of our
Board. He will be an outstanding Chairman, and I look forward to our
collaboration as we make our transition to 3G and pursue all the opportunities
that result from the transition."

Kevin Beebe said, "I am glad to take on this new role and continue to work
closely with Steve. He has a vision for where he wants to take the company
and will help it reach its fullest potential. I also look forward to working
with Ricardo, our first Board member who is currently living and working in
Brazil. Ricardo joins the Board at an ideal time when his insights and
experience will help NII as we complete our 3G networks and move toward our
goal of delivering sustained profitable growth. His experience will be a
great compliment to our current team. Together, we will continue to focus our
company on delivering greater value for employees, customers and
shareholders."

Following the election of directors at the annual meeting and the election of
Mr. Knoepfelmacher, NII's Board consists of nine directors, eight of whom are
independent. Members of the NII Board have a diverse background, including
experience as financial and operating executives of wireless companies,
experience in operating companies that serve retail and other customers in
Latin America and extensive capital markets experience.

"As CEO, I am fortunate to have such an experienced, engaged and supportive
Board to work with as we position the company for success," Shindler
continued. "Since returning as chief executive I have taken advantage of that
experience by engaging the Board on a weekly basis regarding the company's
progress. They have provided valuable insights and direction to our leadership
on the key issues we face as a company as we work together to improve our
performance and efficiency. I plan to continue that process throughout the
year as we transition to 3G, relying heavily on our Board members for that
input, and I appreciate the additional time and engagement that they have
devoted to making our company a success."

About NII Holdings, Inc.

NII Holdings, Inc., a publicly held company based in Reston, Va., is a
provider of differentiated mobile communication services for businesses and
high value consumers in Latin America. NII, operating under the Nextel brand
in Brazil, Mexico, Argentina, Peru and Chile, offers fully integrated wireless
communications tools with digital cellular voice services, data services,
wireless Internet access and Nextel Direct Connect^® and International Direct
Connect^SM, a digital two-way radio. NII is a Fortune 500 and Barron's 500
company, and has also been named one of the best places to work among
multinationals in Latin America by the Great Place to Work^® Institute. The
company trades on the NASDAQ market under the symbol NIHD. Visit the company's
website at www.nii.com.

Nextel, the Nextel logo and Nextel Direct Connect and International Direct
Connect are trademarks and/or service marks of Nextel Communications, Inc.,
and are used by NII's subsidiaries under license in Latin America.

Visit NII Holding's news room for news and to access our markets' news
centers: www.nii.com/newsroom.

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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