NII Holdings, Inc. (NASDAQ: NIHD) today announced that it has regained compliance with the minimum bid price requirement in the NASDAQ Listing Rules (the "Rules") by closing with a bid price of over $1.00 for ten consecutive business days. Consequently, NASDAQ has confirmed that the Company is back in compliance with the Rules.

About NII Holdings, Inc.

NII Holdings, Inc., a publicly held company based in Reston, Virginia, is a provider of differentiated mobile communication services for businesses and high value consumers in Brazil. NII Holdings, operating under the Nextel brand, offers fully integrated wireless communication tools with digital cellular voice services, data services and wireless Internet access. Visit the Company's website at www.nii.com.