NII Holdings' Subsidiary Wins Wireless Licenses in Brazil

NII Holdings, Inc. NIHD announces that its subsidiary, Nextel Brazil, was the winning bidder for 20 MHz licenses in the 1.9-2.1GHz frequency band (H band) auctioned by Brazil's National Telecommunications Agency. Nextel Brazil was the successful bidder for 11 of the 13 lots included in the H Band auction. The regional licenses won by Nextel Brazil cover approximately 182.4 million people in the country, or 97% of the Brazilian population, and 97% of the areas that generate the GDP in Brazil. These licenses cover all major metropolitan areas in Brazil including Sao Paulo, Rio de Janeiro and Brasilia.