Company: NII Holdings, Inc. Reston, Virginia

Company Description: NII Holdings, Inc., based in Reston, Va., a leading provider of mobile communications for business customers in Latin America. NII Holdings, Inc. operates in Argentina, Brazil, Mexico and Peru, offering a fully integrated wireless communications tool with digital cellular service, text/numeric paging, wireless Internet access and Nextel Direct Connect(R), a digital two-way radio feature.

Nomination Category: Company, Office & Product Awards Categories

Nomination Sub Category: Best Multinational Company

Nomination Title: NII Holdings “From Start-up to Top Performer on Wall Street”

   1. Tell the story about what this nominated company achieved in the past year (up to 500 words). Focus on specific accomplishments, and relate these accomplishments to past performance or industry norms. Be sure to mention obstacles overcome, innovations or discoveries made, and outcomes:

NII Holdings Inc. is a wireless communications company operating primarily in Latin America currently recognized as one of the top technology companies in the world, due to its stellar financial performance in one of the world’s most volatile markets.

In a period of just three years, the company grew from an initial market capitalization of $50 million to more than over $9 billion, an increase of

1,950%, generating above-average value for its shareholders and investors. Its performance is so extraordinary that it was the number ONE performing stock on the NASDAQ over a three year period, and in 2005 it was included in the NASDAQ-100 Index, which comprises the best-performing and largest non-financial companies on the NASDAQ stock market and listed in the Fortune 1000.

NII’s success is first and foremost a result of the company’s team, from the customer service representatives who provide unparalleled attention to clients in the region to the product managers who create customized data applications that help drive clients’ business and productivity to the management team, led by Steve Shindler the company’s CEO, who spearheaded the company’s evolution from a start-up emerging from restructuring in 2001 to the US$9 billion company that it is today.

NII’s success can be measured by its financial performance; its extraordinary operational metrics; the many recognitions that it has received in the U.S.

and in the region; and the potential for increased growth that it has in its future.

Financial performance during 2005:

•           Consolidated operating revenues of $1.75 billion - a 36% increase over 2004

•           Consolidated operating income before depreciation and amortization of $484 million - a 39% increase over 2004

•           Consolidated net income of $181 million or $1.24 per basic share

•           Consolidated cash, cash equivalents and short term investments of $885 million

Operational metrics in 2005:

•           NII added a record 627,600 net subscribers to its network, a 51% increase as compared to 2004 bringing the total year- end subscriber base to over 2.5 million

•           OIBDA of $484 million for the year, a 39% increase over last year

•           Average monthly service revenue per subscriber (service ARPU) was $58 for the full year, up from an average $55 last year

•           Churn of 1.6% for the fourth quarter and 1.7% for the full year 2005 - a 10 basis point improvement over the previous year

These metrics are particularly impressive when this is illustrated versus the company’s competitors in the markets in which it operates. 

In 2005, the company received 27 accolades from across the Americas in categories, ranging from technology to human resources to corporate social

responsibility.

Moreover in 2006, the company expects event more success. It expects a 32% increase in its subscriber base; a 33% increase in operating revenues, a 39% increase in OIBDA before stock option expenses, and it plans to expand its  covered footprint - covering an additional 19 million covered pops, including expanded highway and transportation corridor coverage

NII Holdings has accomplished in a short period an extraordinary growth that would take most companies decades to see through. And, what is even more impressive is that it has done this in Latin America, a highly volatile market due to economic and political uncertainty. For its stellar achievements, it deserves consideration for the IBA’s Best Multinational Company award!

The following graph is a historical timeline of NII’s stock performance since 2003.

   2. List hyperlinks to any online news stories, press releases, or other documents that support the claims made in the section above. IMPORTANT: Begin each link with http://, and enclose each link in square brackets; for example, http://www.youraddress.com:

Hyperlinks

Historical stock performance information

http://finance.yahoo.com/q?s=nihd

Key company statistics

http://finance.yahoo.com/q/ks?s=NIHD

“The Information Technology 100: #28 NII Holdings” BusinessWeek (2005)

http://www.businessweek.com/it100/2005/company/NIHD.htm

“NII Holdings makes Nasdaq 100 list” Washington Business Journal (December 12,

2005)

http://washington.bizjournals.com/washington/stories/2005/12/12/daily2.html

”NII Holdings to Host Conference Call” Yahoo Finance (February 10, 2006)

http://biz.yahoo.com/prnews/060210/flf006.html?.v=41

“CORRECTED - UPDATE 1-NII Holdings profit and revenue up, shares rise” Reuters

News (July, 28, 2005)

http://yahoo.reuters.com/financeQuoteCompanyNewsArticle.jhtml?duid=mtfh52702_2005-07-28_20-38-47_n28363421_newsml

“Investor Relations” NII Holdings (April 27, 2006)

http://phx.corporate-ir.net/phoenix.zhtml?c=137178&p=irol-irhome1

“NII hits its stride in Latin America” Washington Times (March 15, 2005)

http://www.highbeam.com/doc/1G1:130256003/NII+hits+its+stride+in+Latin+America.html?refid=SEO

Investor Relations Home Page

http://phx.corporate-ir.net/phoenix.zhtml?c=137178&p=irol-irhome1

   3. Provide a brief (up to 100 words) biography about the leader of this nominated company:

STEVEN M. SHINDLER, Chairman and CEO, NII Holdings, Inc.

Steven Shindler, Chairman and CEO of NII Holdings, Inc., provides strategic direction and leadership to the company's management team. Under Shindler's tenure, NII has evolved from a start-up operation to one of the best performers in the wireless industry in Latin America. The company received the Stevie Award for Best Business Turnaround; was ranked #26 in BusinessWeek's InfoTech 100; and its stock was ranked as a top performer for two years in a row by The Wall Street Journal and USA Today. Shindler was honored with the Bravo Business Award for International CEO of the Year from renowned Latin American publication Latin Trade.