Mr. Hemmady, 51, has served as the company's chief financial officer since 2007, adding the title chief transformation officer in February 2012.Prior to joining NII, Mr. Hemmady was vice president and chief financial officer of ADC Telecommunications, a provider of global network infrastructure and products and services, where he held financial leadership positions for 10 years. Prior to joining ADC in 1997, he held senior-level international finance positions at US West, US West International and Citibank. Mr. Hemmady received a bachelor of science degree in commerce from the University of Bombay and is a member of the Institute of Chartered Accountants of India, which is equivalent to the title of certified public accountant. He also holds a master of business administration degree from the Yale School of Management. 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 . Visit NII Holding's news room for news and to access our markets' news centers: nii.com/newsroom. 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 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 firstname.lastname@example.org Media Relations: Claudia E. Restrepo(786) 251-7020 email@example.com SOURCE NII Holdings, Inc.