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NII Holdings
NII Holdings, Inc. (formerly Nextel International) was an American holding company that, through its subsidiary Nextel Telecomunicações Ltda., provided mobile communications services under the Nextel brand in Latin America. NII last operated 3G UMTS/HSDPA and 4G LTE networks in Brazil, and also operated an iDEN network there until its shutdown in 2018.
On December 18, 2019, NII Holdings completed the sale of its Brazilian operation, its last remaining subsidiary, to América Móvil. On January 13, 2021 the company filed a Certificate of Dissolution (liquidation) with the State of Delaware.
In 2012, for the third consecutive year, NII Holdings ranked in the Fortune 500 and Barron's 500 lists. NII also has been named one of the best places to work among multinationals in Latin America by the Great Place to Work Institute.
NII went through bankruptcy in 2014 and 2015.
NII originally launched as the international business unit of Nextel Communications as McCaw International in 1995. Later Nextel changes its name to Nextel international in 1997.
Nextel Mexico and Nextel Peru began operating in 1998, and Nextel Chile in 2000.
Nextel International changed its name to NII Holdings in 2001.
NII Holdings sold its 12% minority interest in Shanghai CCT-McCaw Telecommunications Systems Co., Ltd in March 2000, after it was informed by China Unicom that its financing structure was no longer permitted by Chinese regulations. Due to unfavorable market conditions, NII Holdings sold their 21% minority interest of NEXNET Co (Nextel Japan) to Motorola for 10 million in exchange for forgiveness of debt owed to Motorola in 2001. NII Holdings also sold their fourteen percent minority interest in Telus for 196 million dollars also in the year 2001.
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NII Holdings
NII Holdings, Inc. (formerly Nextel International) was an American holding company that, through its subsidiary Nextel Telecomunicações Ltda., provided mobile communications services under the Nextel brand in Latin America. NII last operated 3G UMTS/HSDPA and 4G LTE networks in Brazil, and also operated an iDEN network there until its shutdown in 2018.
On December 18, 2019, NII Holdings completed the sale of its Brazilian operation, its last remaining subsidiary, to América Móvil. On January 13, 2021 the company filed a Certificate of Dissolution (liquidation) with the State of Delaware.
In 2012, for the third consecutive year, NII Holdings ranked in the Fortune 500 and Barron's 500 lists. NII also has been named one of the best places to work among multinationals in Latin America by the Great Place to Work Institute.
NII went through bankruptcy in 2014 and 2015.
NII originally launched as the international business unit of Nextel Communications as McCaw International in 1995. Later Nextel changes its name to Nextel international in 1997.
Nextel Mexico and Nextel Peru began operating in 1998, and Nextel Chile in 2000.
Nextel International changed its name to NII Holdings in 2001.
NII Holdings sold its 12% minority interest in Shanghai CCT-McCaw Telecommunications Systems Co., Ltd in March 2000, after it was informed by China Unicom that its financing structure was no longer permitted by Chinese regulations. Due to unfavorable market conditions, NII Holdings sold their 21% minority interest of NEXNET Co (Nextel Japan) to Motorola for 10 million in exchange for forgiveness of debt owed to Motorola in 2001. NII Holdings also sold their fourteen percent minority interest in Telus for 196 million dollars also in the year 2001.
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