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NII Holdings Extends iDEN® Networks Contract With Motorola Solutions
Oct 27, 2010 (03:10 PM EDT)
Agreement represents strong commitment from Motorola and NII Holdings to iDEN technology
ARLINGTON HEIGHTS, Ill. and RESTON, Va., Oct. 27 /PRNewswire/ -- The Motorola Solutions business of Motorola, Inc. (NYSE: MOT) and NII Holdings, Inc. (Nasdaq: NIHD) today announced they have agreed to extend Motorola's supply of iDEN infrastructure to NII Holdings for three additional years. Extension of this longstanding agreement reflects both companies' commitment to iDEN technology as a best-in-class system offering, in particular for Push to Talk (PTT) services. This agreement formally extends their contractual relationship through 2014 and covers the supply of hardware, software and services. It also reinforces Motorola's commitment to continue to invest in the development and support of its iDEN technology and related features.
NII Holdings, with operations in Argentina, Brazil, Chile, Mexico and Peru, is a leading provider of mobile communication services operating under the Nextel brand in Latin America and the largest international iDEN network operator, serving more than 8.5 million subscribers. Its leadership in global iDEN deployments reflects the reliability and quality of services offered by the company. NII Holdings' customers across Latin America benefit from the speed, efficiency and cost savings offered by the unique combination of services in a single state-of-the-art device.
iDEN networks technology is currently in operation and efficiently delivers communications services for more than 30 network operators in 24 countries worldwide. iDEN continues to be the wireless industry's benchmark technology solution for high-performance PTT services. Combined with high- quality telephone interconnect, short messaging and Internet access services, iDEN meets a wide range of users' communications needs.
"This is a strong commitment to iDEN technology by both Motorola and NII Holdings," said Alan Strauss, vice-president and chief technology officer, NII Holdings. "All our markets show a strong demand for the services provided by iDEN technology, and this continues to be a key factor for our business success. Our decision to extend our relationship with Motorola for the provision of iDEN infrastructure is a result of this technology being an outstanding solution for the delivery of wireless services – including PTT services – one of the major differentiating factors in our offering."
"iDEN technology is currently supported by an international community of operators. The decision of NII Holdings – a key global operator of this technology and a key customer for all of Motorola – reasserts this technology provides a clear system solution choice for network operators to deliver integrated communications services to their customers who demand superior services, " said Dave Wangrow, MSSI vice president, Motorola sales and service, iDEN, Motorola Solutions.
Motorola is known around the world for innovation in communications and focused on advancing the way the world connects. From broadband communications infrastructure, enterprise mobility and public safety solutions to high-definition video and mobile devices, Motorola is leading the next wave of innovations that enable people, enterprises and governments to be more connected and more Mobile. Motorola (NYSE: MOT) revenues reached 22 billion dollars in 2009. For more information, please visit www.motorola.com
About NII Holdings, Inc.
NII Holdings, Inc., a publicly held company based in Reston, Va., is a leading provider of mobile communications for business customers in Latin America. NII Holdings, Inc. 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.
Nextel, the Nextel logo, and Nextel Direct Connect are trademarks and/or service marks of Nextel Communications, Inc.
MOTOROLA, MOTO, MOTOROLA SOLUTIONS and the Stylized M Logo are trademarks or registered trademarks of Motorola Trademark Holdings, LLC and are used under license. All other trademarks are the property of their respective owners. © 2010 Motorola, 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 network capabilities, software applications, internet browsing capabilities and other network and device benefits, 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, 2009, 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.
SOURCE NII Holdings, Inc.