NII Holdings files for dissolution

14 Jan 2020

NII Holdings filed a certificate of dissolution with the Secretary of State of the State of Delaware on 13 January, as contemplated by the ‘Plan of Complete Liquidation and Dissolution’ that was previously approved by the company’s Board of Directors and stockholders. The certificate of dissolution became effective at 4pm Eastern Time on 13 January 2020.

In connection with the filing, NII closed its stock transfer books and discontinued recording transfers of its common stock, par value USD0.001. As a result, holders of the common stock are no longer able to transfer record or beneficial ownership of the shares (other than transfers by will, intestate succession or operation of law).

NII previously owned operating companies that provided wireless communication services under the Nextel brand in Latin America. On 18 December 2019, NII completed the sale of Nextel Brazil, its sole remaining operating company, and announced its intention to dissolve the company and distribute its available remaining cash to stockholders. NII previously offloaded its cellular businesses in Peru, Chile, Mexico and Argentina between 2013 and 2016.

United States, NII Holdings