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EX-99.1 - EXHIBIT - NII HOLDINGS INCnovember192012pressrelease.htm


                                                                                                            

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________

FORM 8-K


CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 19, 2012
___________

NII HOLDINGS, INC.
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction
of incorporation)
000-32421
(Commission File Number)
91-1671412 
(IRS Employer
Identification No.)
 
 
 
1875 Explorer Street, Suite 1000
Reston, Virginia
 (Address of principal executive offices)

20190
(Zip Code)

Registrant's telephone number, including area code: (703) 390-5100

Not Applicable
(Former name or former address, if changed since last report)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))

o    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
                                                                                                            






Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(b)    On November 19, 2012, NII Holdings, Inc. (the “Company”) announced that, effective immediately, Sergio Borges Chaia will no longer serve as the President of Nextel Brazil, the Company's Brazilian operating subsidiary. Gokul Hemmady, in addition to continuing as the Company's Chief Operating Officer, and Claudio Hidalgo, Chief Operating Officer of Nextel Brazil, will oversee the operations of Nextel Brazil until the Company names a successor to Mr. Chaia.

As of the date of this report, no new compensatory or severance arrangements have been entered into with Mr. Chaia.

The full text of the Company's press release announcing the matters described herein is attached hereto as Exhibit 99.1.

Item 9.01        Financial Statements and Exhibits.
 
Exhibit No.
 
Description
 
 
 
99.1
 
Press release dated November 19, 2012







SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 
 
 
NII HOLDINGS, INC.
 
 
 
(Registrant)
 
 
 
 
 
 
 
 
 
 
Dated: November 19, 2012
 
By: /s/ SHANA C. SMITH     
 
 
 
Shana C. Smith
 
 
 
Vice President and Assistant Secretary
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                                                    
 





EXHIBIT INDEX

Exhibit No.
 
Description
 
 
 
99.1
 
Press release dated November 19, 2012