This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

NII Holdings Announces Change In Leadership Of Its Brazilian Subsidiary

RESTON, Va., Nov. 19, 2012 /PRNewswire/ --  NII Holdings, Inc. [NASDAQ: NIHD], a provider of differentiated mobile communications services operating under the Nextel brand in Latin America, today announced that, effective immediately, Sergio Borges Chaia will no longer serve as president of the Company's Brazilian subsidiary, Nextel Brazil.

(Logo:  http://photos.prnewswire.com/prnh/20110919/FL70458LOGO)

"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 Mr. Chaia is named. We thank Mr. Chaia for the time devoted to Nextel Brazil during the past several years and wish him the best in his future endeavors." The Company will conduct a search to identify a new president for Nextel Brazil. 

About NII Holdings, Inc.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 Connect SM, a digital two-way radio. NII Holdings is a Fortune 500 and Barron's 500 company, and has also been named one of the best places to work among multinationals in Latin America by the Great Place to Work ® Institute. The company trades on the NASDAQ market under the symbol NIHD. Visit the company's website at www.nii.com.

Nextel, the Nextel logo and Nextel Direct Connect and International Direct Connect are trademarks and/or service marks of Nextel Communications, Inc., and are used by NII's subsidiaries under license in Latin America.

Visit NII Holdings' news room for news and to access our markets' news centers: nii.com/newsroom.

Media Contacts:

NII Holdings, Inc.1875 Explorer Street, Suite 1000 Reston, VA. 20190(703) 390-5100  www.nii.com

Investor Relations: Tim Perrott(703) 390-5113  tim.perrott@nii.com

Media Relations: Claudia Restrepo(786) 251-7020  claudia.restrepo@nii.com

SOURCE NII Holdings, Inc.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,654.77 +369.26 2.27%
S&P 500 1,987.66 +47.15 2.43%
NASDAQ 4,812.7080 +115.1720 2.45%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs