Motorola Mobility and NII Holdings Extend iDEN® Handset Supply Agreement
Supply agreement extended through 2014
LIBERTYVILLE, Ill./RESTON, Va. - Motorola Mobility, Inc. (NYSE: MMI) and NII Holdings, Inc. (NASDAQ: NIHD) today announced they have agreed to extend a supplier agreement in which Motorola will supply iDEN handsets to NII Holdings through 2014. The continuation of this agreement reflects both companies’ commitment to iDEN technology as a leading platform for Push to Talk services.
For the past 14 years, NII Holdings and Motorola have partnered to provide iDEN services to subscribers in Argentina, Brazil, Chile, Mexico and Peru. Under the NEXTEL brand, NII Holdings is the largest iDEN network operator in the Latin American region, serving more than nine million subscribers. Its leadership in iDEN deployments reflects the reliability and quality of services offered.
“We are committed to offering our subscribers differentiated wireless services and with this agreement we continue to deliver on that promise with exciting and innovative devices and services,” said Greg Santoro, executive vice president and chief marketing and strategy officer, NII Holdings. “Push to Talk functionality continues to be a primary mode of instant communication for millions in the Latin American region, and we are pleased to continue this fast, flexible and affordable service.”
This extension expands the scope of the supply agreement to also provide a range of new handsets and services for NII’s next-generation networks including PTT and 3G enabled handsets and exciting devices and accessories, such as the Motorola XOOM tablet.
“Motorola Mobility and NII have enjoyed a longstanding partnership and we are encouraged by the strong growth of their customer base,” said Mark Shockley, senior vice president, general manager, Global Go-to-Market, Motorola Mobility. “Devices featuring PTT technology remain an integral part of our overall portfolio and we look forward to working with NII to bring both iDEN and next-generation products to market in the future.”
A pioneer in iDEN technology, Motorola Mobility has been manufacturing devices that utilize the PTT platform for nearly two decades. As the iDEN platform expands globally, Motorola Mobility will continue to provide innovative handset solutions that meet a wide range of users’ communications needs.
About NII Holdings, Inc.
NII Holdings a publicly held company based in Reston, Va., is a leading provider of mobile communications for business customers in Latin America. NII Holdings has operations in Mexico, Brazil, Argentina, Peru and Chile offering a fully integrated wireless communications tool with digital cellular voice services, data services, wireless Internet access and Nextel Direct Connect® and International Direct Connect(SM), a digital two-way radio feature. NII Holdings, Inc., a Fortune 500 company, trades on the NASDAQ market under the symbol NIHD and is a member of the NASDAQ 100 Index. Visit the Company’s website at www.nii.com.
About Motorola Mobility
Motorola Mobility, Inc. (NYSE:MMI) fuses innovative technology with human insights to create experiences that simplify, connect and enrich people’s lives. Our portfolio includes converged mobile devices such as smartphones and tablets; wireless accessories; end-to-end video and data delivery; and management solutions, including set-tops and data-access devices. For more information, visit motorola.com/mobility.
MOTOROLA and the Stylized M Logo are trademarks or registered trademarks of Motorola Trademark Holdings, LLC. All other trademarks are the property of their respective owners. © 2011 Motorola Mobility, Inc. All rights reserved.
Forward-Looking Statements. This news release includes “forward-looking statements” within the meaning of the securities laws. The statements in this news release regarding devices and device features, network technology, future performance, and other statements that are not historical facts, are forward-looking statements. Forward-looking statements are estimates and projections reflecting management’s judgment based on currently available information and involve a number of risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. With respect to these forward-looking statements, management has made assumptions regarding, among other things, availability of applications and compatibility of networks, usability of device features, network usage, customer growth and retention, and the timing of various events, among other things. Future performance cannot be assured and actual results may differ materially from those in the forward-looking statements, including due to: competitive conditions and changes in economic conditions in the markets we serve, our network technologies not performing properly or not supporting the services our customers want or need, and the additional risks and uncertainties that are described from time to time in NII Holdings’ Annual Report on Form 10-K for the fiscal year ended December 31, 2010, as well as in other reports filed from time to time by NII Holdings with the Securities and Exchange Commission. This press release speaks only as of its date, and NII Holdings disclaims any duty to update the information herein.
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