NII Holdings Launches the Exclusive Motorola i897 Ferrari Special Edition

RESTON, Va., Aug. 30 /PRNewswire/ -- NII Holdings, Inc. (Nasdaq: NIHD) a leading provider of mobile communication services operating under the Nextel brand in Latin America and Motorola, Inc. (NYSE: MOT) today announced that Nextel Argentina, Nextel Brazil and Nextel Mexico will offer the Motorola i897 Ferrari Special Edition device, developed to offer Latin American Nextel subscribers a complete Ferrari experience. The Motorola i897 Ferrari Special Edition boasts an impressive and sleek design as expected of a Ferrari Official Licensed Product and includes Ferrari digital content such as branded skins and themes, wallpapers, video, ring tones and the Ferrari GT: Evolution game by Gameloft®.

The Motorola i897 Ferrari Special Edition combines Nextel's industry-leading DirectConnect® Push-to-Talk service and Motorola's premium phone features including state-of-the-art audio speakers that allow clear communication in any environment. Through DirectConnect enhanced features*, users can also send information, contacts, pictures and messages instantly. External media keys can operate the device while flip is closed and allows users access to personal photo albums, music collections, recent call list, camera and video recorder — all without ever having to open the phone.

"We are committed to offering our subscribers differentiated wireless services as well as exciting products and during 2010 we will deliver on this promise with numerous exciting and innovative devices," said Greg Santoro, Vice President and Chief Marketing and Strategy Officer for NII Holdings. "The Motorola i897 Ferrari Special Edition is the perfect mix of style and functionality, combining the prestige of Ferrari with Motorola's innovation and Nextel's world-class DirectConnect Push-to-Talk service."

"Consumers recognize elegance, speed and high-performance in the Ferrari brand, and the Motorola i897 Ferrari Special Edition delivers on these attributes," said Mark Shockley, Senior Vice President of the Global Go-to-Market (GTM) organization for Mobile Devices. "This mobile device powered by Nextel's industry leading DirectConnect Push-to-Talk performance offers instant connectivity as well as fast downloads; sharp call quality and a sleek look for the mobile phone user who appreciates style and differentiation."  

Key features include:

• Nextel's industry-leading DirectConnect Push-to-Talk service
• Full media player
• External media keys to operate phone while flip is closed
• Quick Release button for one handed operation
• Stereo Bluetooth for hands free calls and music playback
• 2.0MP Camera with up to 4x digital zoom
• Micro USB 2.0
• Nextel Multimedia Suite that allows transfer of media between device and PC
• Carousel style menu that makes preferred applications easy to access
• Internal 2.2" 240 x 320 (QVGA) Transmissive display
• External 1.8" 128 x 160 Transmissive display
• 2G included Micro SD card
• Slide Lock
• Available in two colors: Red and Yellow

The Motorola i897 Ferrari Special Edition is now available at Nextel Mexico in both colors and at Nextel Brazil through retail stores.  In October, it will be available in red at Nextel Argentina.

*DirectConnect enhanced feature activation may vary by country.

About NII Holdings, Inc.

NII Holdings, Inc., a publicly held company based in Reston, Va., is a leading provider of mobile communications for business customers in Latin America. NII Holdings, Inc. has operations in Mexico, Brazil, Argentina, Peru and Chile offering a fully integrated wireless communications tool with digital cellular voice services, data services, wireless Internet access and Nextel Direct Connect® and International Direct Connect™, a digital two-way radio feature. NII Holdings, Inc., a Fortune 500 company, trades on the NASDAQ market under the symbol NIHD and is a member of the NASDAQ 100 Index. Visit the Company's website at http://www.nii.com.

Nextel, the Nextel logo, Nextel Online, Nextel Business Networks and Nextel Direct Connect are trademarks and/or service marks of Nextel Communications, Inc.

About Motorola

Motorola is known around the world for innovation in communications and is focused on advancing the way the world connects. From broadband communications infrastructure, enterprise mobility and public safety solutions to high-definition video and mobile devices, Motorola is leading the next wave of innovations that enable people, enterprises and governments to be more connected and more mobile. Motorola (NYSE: MOT) had sales of US $22 billion in 2009. For more information, please visit www.motorola.com.

MOTOROLA and the Stylized M Logo are registered in the US Patent & Trademark Office. Android, Google and Android Market are trademarks of Google, Inc. All other product or service names are the property of their respective owners. © Motorola, Inc. 2010. All rights reserved.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995.  This news release includes "forward-looking statements" within the meaning of the securities laws. The statements in this news release regarding device features, software applications, internet browsing capabilities and other device benefits, the business outlook, future performance and forward-looking guidance, as well as other statements that are not historical facts, are forward-looking statements.  The words "estimate," "project," "forecast," "intend," "expect," "believe," "target," "providing guidance" and similar expressions are intended to identify forward-looking statements.  Forward-looking statements are estimates and projections reflecting management's judgment based on currently available information and involve a number of risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements.  With respect to these forward-looking statements, management has made assumptions regarding, among other things, availability of applications and usability of device features, network usage, customer growth and retention, pricing, operating costs, the timing of various events, the economic and regulatory environment and the foreign exchange rates that will prevail during 2010.  Future performance cannot be assured and actual results may differ materially from those in the forward-looking statements. Some factors that could cause actual results to differ include the risks and uncertainties relating to the impact of more intense competitive conditions and changes in economic conditions in the markets we serve; the impact on our financial results, and potential reductions in the recorded value of our assets, that may result from fluctuations in foreign currency exchange rates and, in particular, fluctuations in the relative values of the currencies of the countries in which we operate compared to the U.S. dollar; the risk that our network technologies will not perform properly or support the services our customers want or need, including the risk that technology developments to support our services will not be timely delivered; the risk that customers in the markets we serve will not find our services attractive;  and the additional risks and uncertainties that are described from time to time in NII Holdings' Annual Report on Form 10-K for the fiscal year ended December 31, 2009, as well as in other reports filed from time to time by NII Holdings with the Securities and Exchange Commission.  This press release speaks only as of its date, and NII Holdings disclaims any duty to update the information herein.

SOURCE NII Holdings, Inc.