About NII Holdings, Inc.
NII Holdings is a provider of fully-integrated mobile communication services, focused on providing businesses and high value consumers in Latin America with differentiated products, excellent customer service and an expanding network footprint.
NII was first launched as the international business unit of Nextel Communications, Inc. Following the establishment of operations in Sao Paulo, Brazil in 1997, the company expanded to Buenos Aires, Argentina; Mexico City, Mexico; Santiago, Chile; and Lima, Peru. Our company now employs more than 15,000 people and operates in the major business centers and related transportation corridors of these countries. Our corporate headquarters are located in Reston, Virginia.
NII uses iDEN® (integrated Digital Enhanced Network) technology, developed by Motorola, to provide instant-access, low-latency, high-quality and dependable communications. It combines digital cellular voice, data and Nextel’s differentiated Direct Connect® – a digital two-way radio feature – to provide a unique integrated communication solution offering greater efficiency at a lower cost. Nextel’s International Direct ConnectSM, an extension of Direct Connect®, allows subscribers to communicate instantaneously across borders within Latin America as well as with Sprint Nextel subscribers in the United States, TELUS subscribers in Canada and Intelfon subscribers in El Salvador. The company’s expertise in integrating instant two-way Push-to-Talk (PTT) communications with high-quality voice and data services has proven a true differentiator.
NII has steadily been expanding its footprint in Latin America. In 2009, it successfully launched its 3G network in Peru and now offers mobile broadband services in that market. That same year, NII acquired spectrum in Chile for a 3G network. In 2010, NII was awarded spectrum for a 3G network in Mexico and was the winning bidder of a national 3G license in Brazil. Recently, the company launched Push-to-Talk service on its 3G network in Peru, while making significant progress in its planned deployment of 3G networks and services in its other markets. NII expects to commercially launch 3G services in Chile, Brazil and Mexico later this year. The company is also evaluating the opportunity to participate in the upcoming spectrum auction in Argentina. NII will continue to explore opportunities throughout the region that will allow it to expand its network coverage, grow distribution channels and develop new offerings to support profitable new revenue streams.
NII has received several prestigious awards and rankings that reflect the company’s success in building the Nextel brand and operating a business well positioned for long-term growth. In 2011, NII was included int The Washington Post's "Post 200" companies, a listing of the top 200 public companies in Washington, D.C. and the company ranked 406th in the Fortune 500 list, up 62 positions from its ranking in 2010. In 2011, the company ranked 197th in the annual Barron’s 500 list, a ranking of the 500 largest publicly traded companies in the U.S. and Canada, as measured by sales in the latest fiscal year. In addition, Latin Business Chronicle, one of the most reputable media outlets in Latin America, ranked NII Holdings on its “Latin America’s Top 100 Employers” and “Latin America’s 500 Largest Companies” lists. In 2009, NII Holdings was ranked among the 50 Fastest-Growing Technology Companies in Washington, D.C. by the Washington Business Journal and in 2009 our CEO, Steven Dussek, was selected as part of an exclusive group of 19 of the region’s top business leaders by America Economia magazine.
We provide our services under the NextelTM brand through operating companies in selected Latin American markets. NII’s operating companies have also been widely recognized. Nextel Argentina received the National Quality Award, Argentina's most prestigious corporate recognition, for a second time; Nextel Brazil ranked first among the "Best Places to Work" in the telecommunications sector in Brazil, according to Exame/Você magazine; Nextel Mexico was recognized by Expansion magazine as one of the "500 Most Important Companies" in the world and as a “Best Place to Work,” both Nextel Chile and Nextel Peru were recognized by the Great Place to Work Institutue's®.
As of September 30, 2011, the company’s ending subscriber base was more than 10.2 million, a 19 percent increase over third-quarter 2010 figures. NII also reported a churn (attrition) rate of 1.78 percent and consolidated average monthly service revenue per subscriber (ARPU) of US$49 during the period.
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