RESTON, Va., Feb. 13, 2018 -- NII Holdings, Inc. (NASDAQ: NIHD) today announced that the NASDAQ Hearings Panel granted the Company an extension through June 11, 2018 to regain compliance with the minimum bid share price necessary for continued listing on the NASDAQ Global Select Market, which requires the Company to maintain a closing bid price of at least $1.00 for a minimum of ten consecutive business days. During the extension, the Company's common stock will continue to trade on the NASDAQ. The Company plans to seek stockholder approval to amend the Company's Amended and Restated Certificate of Incorporation to effectuate a reverse stock split to meet the minimum bid price requirement at the Company's 2018 Annual Stockholders' Meeting to be held on May 3, 2018.
About NII Holdings, Inc.
NII Holdings, Inc., a publicly held company based in Reston, Virginia, is a provider of differentiated mobile communication services for businesses and high value consumers in Brazil. NII Holdings, operating under the Nextel brand, offers fully integrated wireless communication tools with digital cellular voice services, data services and wireless Internet access. 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.
Visit NII Holdings' news room for news and to access our markets' news centers: nii.com/newsroom.
SOURCE NII Holdings, Inc.