NII HOLDINGS

NII Holdings is a provider of wireless communication services under the Nextel brandTM in Brazil, with their principal operations located in major urban and suburban centers with high population densities and related transportation corridors of that country where they believe there is a concentration of Brazil’s business users and economic activity, including primarily Rio de Janeiro and São Paulo. Their company now employs about 3,000 people. Their corporate headquarters are located in Resto... n, Virginia. In the second half of 2013, Nextel Brazil commercially launched services on its wideband code division multiple access, or WCDMA, network in São Paulo, Rio de Janeiro and surrounding areas and extended those services to other areas in Brazil by expanding the coverage of its network and utilizing roaming services and network sharing arrangements pursuant to agreements that it reached with another network operator in Brazil. Nextel Brazil currently offers services supported by its WCDMA network in approximately 260 cities in Brazil. Their WCDMA network enables us to offer a wide range of products and services supported by that technology, including data services provided at substantially higher speeds than can be delivered on their legacy integrated digital enhanced network or iDEN. Prior to the deployment of their WCDMA network, their services were primarily targeted to meet the needs of business customers. With the deployment of their WCDMA network in Brazil, their target market has shifted to individual consumers who use their services to meet both professional and personal needs. Their target subscribers generally exhibit above average usage, revenue and loyalty characteristics. They believe their target market is attracted to the services and pricing plans they offer, as well as the quality of and data speeds provided by their WCDMA network. They also offer long-term evolution, or LTE, services in Rio de Janeiro and continue to provide services on their legacy iDEN network throughout various regions in Brazil. Their transition to standards-based technologies such as WCDMA also gives us more flexibility to offer customers the option of purchasing services by acquiring the subscriber identity module, or SIM, cards from us separately, and by providing the customer with the option to use the SIM cards in one or more devices that they acquire from us or from other sources. The services they currently offer include: - mobile telephone voice service; - wireless data services, including text messaging services, mobile internet services and email services; - push-to-talk services, including Direct Connect®,Prip and International Direct Connect® services, which allow subscribers to talk to each other instantly; - other value-added services, including location-based services, which include the use of Global Positioning System, or GPS, technologies; digital media services; and a wide ranging set of applications available via their content management system, as well as the AndroidTM open application market; - business solutions, such as security, work force management, logistics support and other applications that help their business subscribers improve their productivity; and - voice and data roaming services outside of their coverage areas. As of December 31, 2015, their ending subscriber base in Brazil was 4.342 million.More