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TMCNet:  Chaia no longer president of NII Holdings Brazilian subsidiary

[November 20, 2012]

Chaia no longer president of NII Holdings Brazilian subsidiary

Nov 20, 2012 (TELECOMWORLDWIRE via COMTEX) -- NII Holdings, Inc. (NASDAQ: NIHD) said that Sergio Borges Chaia will no longer serve as president of the company's Brazilian subsidiary, Nextel Brazil.

"We have decided to move forward in a new direction to ensure Nextel Brazil is able to execute on its goals and deliver results," said Steve Dussek, NII Holdings' chief executive officer. "Gokul Hemmady, NII's chief operating officer, will now spend the majority of his time, along with Claudio Hidalgo, Nextel Brazil's chief operating officer, and the local leadership team, overseeing the company's operations in Brazil until a successor to Chaia is named." The company will conduct a search to identify a new president for Nextel Brazil.



NII Holdings, Inc., a publicly held company based in Reston, Va., is a provider of differentiated mobile communication services for businesses and high value consumers in Latin America. NII Holdings, operating under the Nextel brand in Brazil, Mexico, Argentina, Peru and Chile, offers fully integrated wireless communications tools with digital cellular voice services, data services, wireless Internet access and Nextel Direct Connect and International Direct ConnectSM, a digital two-way radio.

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