(b) On June 14, 2012, NII Holdings, Inc. (the "Company") announced that Gokul Hemmady was appointed to serve as the Company's Chief Operating Officer and Chief Financial Officer, continuing his role as Chief Financial Officer until the Company named a successor. Effective October 17, 2012, Mr. Hemmady will voluntarily resign from his role as Chief Financial Officer and will continue in his role as Chief Operating Officer.

(c) The Board of Directors of the Company appointed Juan R. Figuereo as Executive Vice President, Chief Financial Officer effective October 17, 2012.

Mr. Figuereo, 56, most recently served as Executive Vice President, Chief Financial Officer of Newell Rubbermaid Inc., a global marketer of consumer and commercial products, from 2009 to 2012. Prior to joining Newell Rubbermaid, Mr. Figuereo served as Chief Financial Officer of Cott Corporation from 2007 to 2009, Vice President, Mergers and Acquisitions for Wal-Mart International from 2003 to 2007 and various international, finance and general management positions at PepsiCo from 1988 to 2003.

Upon commencement of his employment, Mr. Figuereo will receive an annual salary of $550,000 and be eligible to participate in the Company's 2012 Incentive Compensation Plan starting in the 2013 bonus plan year, with a target annual cash bonus of 100% of his annual salary and a target annual long-term equity grant commensurate with his position. In addition, on his start date, Mr. Figuereo will receive a one-time grant of 40,000 stock options that vest in equal installments on each of the first three anniversaries of the grant date and 20,000 restricted shares of the Company's common stock that vest on the third anniversary of the grant date.

The full text of the Company's press release announcing the appointment is attached hereto as Exhibit 99.1.

Item 9.01    Financial Statements and Exhibits.

Exhibit No.   Description

99.1          Press release dated October 4, 2012