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Nextel Mexico Announces $375 Million Loan From the China Development Bank (CDB) to Fund 3G Network Build-Out

RESTON, Va. July 27, 2011 NII Holdings $375 million

$375 million Mexico February 2011 Mexico

Gokul Hemmady Mexico

About NII Holdings, Inc.

Reston, Va. Latin America Brazil Mexico Argentina Peru Chile Barron www.nii.com

Nextel, the Nextel logo, Nextel Online, Nextel Business Networks and Nextel Direct Connect are trademarks and/or service marks of Nextel Communications, Inc. iDEN is a registered trademark of Motorola.

About China Development Bank

the People’s Republic of China Beijing the People’s Republic of China

Safe Harbor Statement

December 31, 2010

Contact Information

NII Holdings, Inc.

Reston, VA

www.nii.com

Investor Relations Tim Perrott
( 7 3 ) 390 5113
[email protected]

Media Relations: Claudia E. Restrepo

[email protected]

SOURCE NII Holdings, Inc.

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