NII Holdings seeks strategic, capital structure alternatives

NII Holdings, Inc. (NASDAQ: NIHD) said it has retained UBS Investment Bank as its financial advisor to explore and advise the company on potential strategic opportunities, including creating partnerships or alliances, selling or merging one or more of the company´s business units or other strategic transactions involving the entire company.

Concurrently, the company has retained Rothschild Inc. as its financial advisor to explore and advise the company regarding opportunities for modifying its capital structure to improve its long-term liquidity position, including potential approaches that could lead to refinancing or restructuring all or a portion of its existing debt obligations.

NII Holdings, 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 Holdings, operating under the Nextel brand in Brazil, Mexico, Argentina 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 ConnectSM, a digital two-way radio. Its website is at www.nii.com.

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