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RESTON, Va., May 11, 2020 /PRNewswire/ — NII Holdings, Inc. (“NII” or the “Company”) today issued its 2019 audited banking account and provided an amend on its dissolution.

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2019 Audited Banking StatementThe audited banking account is accessible on NII’s website at www.nii.com.

Update on Dissolution MattersAs ahead announced, on January 13, 2020 NII filed a affidavit of dissolution with the Secretary of the State of Delaware.  Pursuant to the General Corporation Law of the State of Delaware, the Company provided apprehension to all bodies who may accept a affirmation adjoin the Company, and the apprehension aeon for claims to be accustomed by the Company asleep on April 3, 2020. The Company accustomed assorted claims aural such aeon and is allegory the claims to actuate the adapted response.

Based on currently accessible information, NII re-affirms its appraisal that the absolute bulk of distributions will be from $2.17 to $2.68 per share. However, the ultimate bulk distributable to stockholders will depend on factors alfresco of NII’s control, including, amid added things, the bulk of banknote recovered from escrow amounts accompanying to the auction of NII’s operations in Mexico and Brazil, and could alter from NII’s accepted estimates.

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In addition, the Company appear that all of its 4.25% Convertible Senior Addendum due 2023 had been repurchased.  The Company activated $128.3 actor of banknote captivated in escrow to repurchase all $115 actor accumulated arch bulk of the addendum (including accrued interest). As a result, of the $134.8 actor banknote captivated in escrow to defended NII’s obligations accompanying to these notes, $6.9 actor was appear to the Company in May 2020.

Also, as ahead announced, on December 18, 2019 the Company bankrupt the auction of its wireless operations in Brazil (the “Transaction”) in accordance with the acceding of the Acquirement Agreement, anachronous March 18, 2019, by and amid América Móvil, S.A.B. de C.V. (“AMX”), NII International Holdings S.à r.l. (“NIIH”), AI Brazil Holdings B.V. (“AI Brazil”) and NII, as adapted from time to time. The acquirement amount was accountable to analysis and acclimation by AMX for 45 canicule afterwards the closing of the Transaction. On March 31, 2020, NII, AMX, and AI Brazil entered into a letter acceding whereby the parties agreed that AMX would accomplish an added acquittal of about $128,000 to NII. With this acquittal to NII, as able-bodied as a final acquittal from AMX to AI Brazil, the acquirement amount is final and not accountable to added adjustment.

More advice about these affairs and the Company’s banking action can be begin in the Company’s 2019 audited banking statement.

About NII Holdings, Inc.

Visit NII Holdings’ website at www.nii.com.

Media Contacts:

NII Holdings, Inc.1405 S Fern Street, #93001Arlington, VA 22202(703) 390-5100www.nii.com

Investor and Media Relations: Tim Mulieri(703) 547-5209[email protected]

SOURCE NII Holdings, Inc.

http://www.nii.com

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Last Updated: May 16th, 2020 by admin
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