Company: NII Holdings, Inc.
Entry Submitted By: Burson-Marsteller
Company Description: 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 has operations in Mexico, Brazil, Argentina, Peru and Chile offering a fully integrated wireless communications tool with digital cellular voice services and data services among others. www.nii.com
Nomination Category: Management Categories
Nomination Sub Category: Best Executive in South America

Nomination Title: Peter Foyo, President of Nextel Mexico

   1. Tell the story about what this nominee achieved (up to 500 words). Focus on specific accomplishments, and relate these accomplishments to past performance or industry norms. Be sure to mention obstacles overcome, innovations or discoveries made, and outcomes:

          In 1998 Nextel Mexico successfully began its operations in the country by
          providing unique push-to-talk communications solutions and its unique Direct
          Connect® and International Direct Connect® to clients in the corporate sector.
          Since then, Nextel Mexico has expanded its offerings across industries and
          geography throughout the country, growing its customer base to over 2.1 million
          users in over 60 cities nationwide under the leadership of Peter Foyo, President
          of Nextel Mexico. 2007 was another milestone year for Nextel Mexico with Foyo at
          the forefront of the company’s operational accomplishments. In the past year, he
          has driven Nextel Mexico to record-breaking levels of growth and sustained
          profitability, positioning Nextel Mexico toward a future of long-term growth and
          increased value.

          Foyo’s diligence generated solid overall results for Nextel Mexico in 2007, both
          in subscriber growth which totaled almost 600,000 subscriber additions to its
          network, and in segment earnings totaling over $676 million. Additionally,
          Nextel Mexico generated revenue of $1.8 billion, up 34% over 2006, driven by
          strong subscriber growth and the Average Revenue Per User (ARPU) of $74 for the
          year. These exceptional results were primarily achieved by focusing on all the
          differentiating features of Nextel’s products and services.

          At the same time, Nextel Mexico’s leading position in the telecommunications
          sector was driven by the company’s unmatched level of customer service, its
          attractive value per minute, and the instant nature of the Direct Connect®
          product, which is the gold standard for push-to-talk.

          While competition in the Mexican telecom market has intensified, Foyo has
          remained true to the company’s strategy of pursuing profitable growth, always
          taking the necessary steps to improve Nextel’s position, such as enhanced rate
          plans and improved competitiveness by driving more minutes of use to the Direct
          Connect® network, which provides an even more valuable service for subscribers.

          Nextel Mexico’s outstanding performance for 2007 is a testament to Foyo’s
          undisputed ability to lead a company where operational excellence translates
          successfully into both added-value for clients in products and services, and
          added shareholder value for its parent company, NII Holdings, Inc.

          The achievements garnered under Foyo’s leadership were recognized by Mundo
          Ejecutivo Magazine, one of the leading business publications in Mexico, in which
          he was ranked as a top business executive in the market. As a company, Nextel
          Mexico has also been recognized by other top-tier publications in the country
          including a Best Company ranking in Expansion Magazine’s Top 500 and Latin Trade
          Magazine’s Top 500 in Latin America ranking.

          Additionally, the results from 2007 have laid the groundwork for Nextel Mexico
          to invest in an expanded network that will allow the company to offer new
          products and services to its existing customers, as well as reach a new sector
          of potential clients, thus demonstrating Foyo’s award-worthy performance.

          2007 was a great year for Nextel Mexico, and with Peter Foyo at the company’s
          helm 2008 promises to be an even better year for growth and profitability. For
          these reasons, Foyo is an excellent candidate for the Executive of the Year Award!

   2. List hyperlinks to any online news stories, press releases, or other documents that support the claims made in the section above. IMPORTANT: Begin each link with http://, and enclose each link in square brackets; for example, [http://www.youraddress.com]:

          100 Empresarios Que Mueven la Economía (100 Business Persons that Drive the
          Economy), Mundo Ejecutivo, November 2007
          *Hyperlink unavailable – PDF to be submitted electronically

          Expansion 500, Expansion Magazine, July 2007
          *Hyperlink unavailable – PDF to be submitted electronically

          Top 500 Companies in Latin America, Latin Trade, July 2007
          *Hyperlink unavailable – PDF to be submitted electronically

   3. Provide a brief (up to 100 words) biography about this nominee:

          Peter Foyo, President of Nextel Mexico, a subsidiary of NII Holdings, Inc., has
          led the country’s operations since August 1998. Under Foyo’s leadership Nextel
          Mexico is an engine of growth and profitability, and has been recognized by
          various organizations an publications in the country for its success including
          Mobile Operator of the Year in Latin America by Pyramid Research. Earlier in his
          career, Foyo has worked for and held various positions in companies such as
          Alestra and AT&T Argentina, where he served as Strategic Corporate Director.
          Foyo studied International Business and Economics at Benedictine University and
          Wheaton College.