NII Holdings, Inc.

Market Summary

Nextel Communications Argentina S.A.

Olga Cossettini 360/363
Dique 4 - Complejo Puerto Madero Centro
C1107CCG - Buenos Aires
Argentina

tel 54 11 5359 9990
www.nextel.com.ar

Language: Spanish

President: Ruben Butvilofsky
Number of Employees: 1,311

Primary Cities of Operation: Atlantic Coast from San Clemente to Villa Gesell, Buenos Aires City and Greater Buenos Aires, Northwest Region of the Buenos Aires Province, Capitan Sarmiento, Córdoba, Estacion Maquirre, La Plata, Mar Del Plata, Mendoza, Rosario, Salto and Arrecifes, San Juan, San Luis, and Santa Fe.

Population in licensed areas: 21 million
Covered population: 21 million
% GDP covered: 77-87%

New product and service launches in 2006 included the Motorola i275, i760, i870 and i930 phones, and Net Dispatch Service. As an added-value to customers, the company launched Club Nextel, offering them exclusive access to promotions on dining, apparel, and other purchases and services.

The company’s performance and momentum did not go without notice, Nextel Argentina was listed in the Ranking Clarin de Prestigio, which ranks companies on criteria such as financial stability, creativity, strategic vision, and customer service. Nextel Argentina received a Silver recognition from the Ibero-American Quality Awards for outstanding overall quality and was ranked in Apertura magazine as one of the Companies with the Best Image in Argentina.

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Market Summary

Nextel Argentina

Nextel Communications Argentina S.A.

Nextel Brazil

Nextel Telecomunicações Ltda.

Nextel Chile

Centennial Cayman Corp. Chile S.A.

Nextel Mexico

Comunicaciones Nextel de Mexico S.A. de C.V.

Nextel Peru

Nextel del Peru S.A.