NII Holdings Announces the Convertibility of Its 2.75% Convertible Notes Due 2025
RESTON, Va., July 15 /PRNewswire-FirstCall/ -- NII Holdings, Inc. (Nasdaq: NIHD) (the "Company") announced today that its 2.75% Convertible Notes due 2025 (the "Notes") issued pursuant to an indenture between the Company and Wilmington Trust Company, as Trustee, dated August 15, 2005 (the "Indenture"), have become convertible today, July 15, 2010, pursuant to section 14.01(a)(iii) of the Indenture. Subject to the terms of the Indenture, holders of the Notes may convert the Notes into shares of the Company's common stock at any time on or after July 15, 2010 at the applicable conversion rate then in effect.
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(SM), 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, and Nextel Direct Connect are trademarks and/or service marks of Nextel Communications, Inc.
NII Holdings, Inc. |
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1875 Explorer Street, Suite 1000 |
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Reston, VA. 20190 |
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(703) 390-5100 |
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Contacts: |
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Investor Relations: Tim Perrott |
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(703) 390-5113 |
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Media Relations: Claudia E. Restrepo |
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(786) 251-7020 |
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SOURCE NII Holdings, Inc.
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