NII Holdings to Host Analyst and Investor Meeting in Lima, Peru

RESTON, Va., Feb. 4, 2011 /PRNewswire/ -- NII Holdings, Inc. (Nasdaq: NIHD) today announced that it will host and webcast a meeting for financial analysts and investors on May 12, 2011, in Lima, Peru. NII Holdings' senior management team as well as the top teams from each of its market operations will participate in a discussion about the Company's current business operations and the opportunities for future growth.  During this meeting, the Company expects to showcase the Push-to-Talk (PTT) technology on its W-CDMA platform that it has been successfully testing in field trials and detail the milestones leading up to the commercial launch of this service.

Additional details for this meeting will be made available on the Investor Relations page of Company's website at www.nii.com.

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 www.nii.com.

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

"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 our high performance push-to-talk product are forward-looking statements.  With respect to these forward-looking statements, management has made assumptions regarding, among other things, the timing of various events.  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 risk that our network technologies will not perform properly or that technology developments to support our services will not be timely delivered and the additional risks and uncertainties that are described from 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.