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<P align="center"><FONT size="2">As filed with the Securities and
Exchange Commission on November&nbsp;12, 2002.
</FONT>
<div align="right"><FONT size="2">Registration No.&nbsp;333-&#95;&#95;&#95;&#95;&#95;&#95;
</FONT></div>
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<P align="center"><FONT size="2"><B>SECURITIES AND EXCHANGE COMMISSION<BR>
WASHINGTON, DC 20549</B><BR>
&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;
</FONT>
<P align="center"><FONT size="2"><B>FORM S-8<BR>
REGISTRATION STATEMENT UNDER<BR>
THE SECURITIES ACT OF 1933</B><BR>
&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;
</FONT>
<P align="center"><FONT size="2"><B>NII HOLDINGS, INC.</B><BR>
<I>(Exact Name of Registrant as Specified in Its Charter)</I>
</FONT>
<P align="center"><FONT size="2"><B>DELAWARE</B><BR>
<I>(State or Other Jurisdiction of Incorporation or Organization)</I>
</FONT>
<P align="center"><FONT size="2"><B>91-1671412</B><BR>
<I>(I.R.S. Employer Identification No.)</I>
</FONT>
<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="85%">
<TR valign="bottom">
        <TD width="51%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="44%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD align="center" valign="top"><FONT size="2"><B>10700 Parkridge Boulevard, Suite&nbsp;600, Reston, Virginia</B></FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="center" valign="top"><FONT size="2">
<B>20191</B></FONT></TD>
</TR>

<TR valign="bottom">
        <TD align="center" valign="top"><FONT size="2"><I>(Address of Principal Executive Offices)</I></FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="center" valign="top"><FONT size="2">
<I>(Zip Code)</I></FONT></TD>
</TR>
</TABLE>
</CENTER>
<P align="center"><FONT size="2">&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;
</FONT>
<P align="center"><FONT size="2"><B>2002 Management Incentive Plan</B><BR>
<I>(Full Title of the Plan)</I><BR>
&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;<BR>
<B>Robert J. Gilker, Esq.<BR>
Vice President and General Counsel<BR>
NII Holdings, Inc.<BR>
10700 Parkridge Boulevard, Suite&nbsp;600<BR>
Reston, Virginia 20191</B><BR>
<I>(Name and Address of Agent for Service)</I>
</FONT>
<P align="center"><FONT size="2"><B>(703)&nbsp;390-5100</B><BR>
<I>Telephone Number, Including Area Code, of Agent For Service</I><BR>
&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;
</FONT>
<P align="center"><FONT size="2"><I>Copies of Communications to:</I><BR>
<B>Evan D. Flaschen, Esq.<BR>
Patrick J. Trostle, Esq.<BR>
John R. Utzschneider, Esq.<BR>
Bingham McCutchen LLP<BR>
150 Federal Street<BR>
Boston, MA 02110-1726<BR>
(617)&nbsp;951-8000</B>
</FONT>
<P align="center"><FONT size="2"><B>CALCULATION OF REGISTRATION FEE</B>
</FONT>

<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="75%">
<TR valign="bottom">
        <TD width="42%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
</TR>

<tr><td colspan="17"><hr size="2" noshade></td></tr>

<TR valign="bottom">
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center" colspan="3"><FONT size="1"><B>Proposed</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center" colspan="3"><FONT size="1"><B>Proposed</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
        <TD nowrap align="center"><FONT size="1"><B>Title Of</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center" colspan="3"><FONT size="1"><B>Maximum</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center" colspan="3"><FONT size="1"><B>Maximum</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
        <TD nowrap align="center"><FONT size="1"><B>Securities</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center" colspan="3"><FONT size="1"><B>Amount</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center" colspan="3"><FONT size="1"><B>Offering</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center" colspan="3"><FONT size="1"><B>Aggregate</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center" colspan="3"><FONT size="1"><B>Amount Of</B></FONT></TD>
</TR>
<TR valign="bottom">
        <TD nowrap align="center"><FONT size="1"><B>To Be</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center" colspan="3"><FONT size="1"><B>To Be</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center" colspan="3"><FONT size="1"><B>Price Per</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center" colspan="3"><FONT size="1"><B>Offering</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center" colspan="3"><FONT size="1"><B>Registration</B></FONT></TD>
</TR>
<TR valign="bottom">
        <TD nowrap align="center"><FONT size="1"><B>Registered</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center" colspan="3"><FONT size="1"><B>Registered (1)</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center" colspan="3"><FONT size="1"><B>Share (2)</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center" colspan="3"><FONT size="1"><B>Price (2)</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center" colspan="3"><FONT size="1"><B>Fee</B></FONT></TD>
</TR>

<tr><td colspan="17"><hr size="1" noshade></td></tr>

<TR valign="bottom">
        <TD valign="top"><FONT size="2">Common Stock,</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD nowrap align="right" valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD align="center" valign="top"><FONT size="2">2,222,222</FONT></TD>
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD nowrap align="right" valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD align="center" valign="top"><FONT size="2">$2.50</FONT></TD>
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD nowrap align="right" valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD align="center" valign="top"><FONT size="2">$5,555,555</FONT></TD>
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD nowrap align="right" valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD align="center" valign="top"><FONT size="2">$511.11</FONT></TD>
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2">$0.001 par value per share</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD nowrap align="right" valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD align="right" valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD nowrap align="right" valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD align="right" valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD nowrap align="right" valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD align="right" valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD nowrap align="right" valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD align="right" valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>
<tr><td colspan="17"><hr size="2" noshade></td></tr>
</TABLE>
</CENTER>
<P><FONT size="2">(1)&nbsp; &nbsp;&nbsp;&nbsp;In addition to the shares set forth in the table, the amount to be
registered includes an indeterminate number of shares issuable upon adjustment
due to stock splits, stock dividends and anti-dilution provisions, and other
adjustments as provided in the 2002 Management Incentive Plan.
</FONT>
<P><FONT size="2">(2)&nbsp; &nbsp;&nbsp;&nbsp;Estimated solely for the purpose of computing the registration fee pursuant
to Rule&nbsp;457(h) under the Securities Act of 1933, as amended. The book value
per share is estimated to be $2.50 based on stockholders equity of $50,000,000
divided by 20,000,000 shares, the number of shares of Common Stock outstanding
on the date hereof.
</FONT>
<P align="center"><FONT size="2">&nbsp;</FONT>
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<P align="center"><FONT size="2"><B><u>PART I</u></B>
</FONT>

<P align="center"><FONT size="2"><B>EXPLANATORY NOTE</B>
</FONT>

<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In accordance with the Note to Part I of Form&nbsp;S-8, the information
specified in Part I of Form&nbsp;S-8 has been omitted from this Registration
Statement.
</FONT>
<P align="center"><FONT size="2"><B><u>PART II</u></B>
</FONT>

<P align="center"><FONT size="2"><B>INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</B>
</FONT>

<P align="left"><FONT size="2"><B>Item&nbsp;3. Incorporation of Documents by Reference.</B>
</FONT>

<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following documents filed by NII Holdings, Inc. (the &#147;<u>Registrant</u>&#148;)
with the Securities and Exchange Commission (the &#147;<u>SEC</u>&#148;) are hereby incorporated
by reference in this Registration Statement:
</FONT>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="1%" align="left" nowrap><FONT size="2">(a)</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="93%"><FONT size="2">The Registrant&#146;s Annual Report on Form&nbsp;10-K for the year
ended December&nbsp;31, 2001, filed on March&nbsp;29, 2002, which contains
audited financial statements for the most recent fiscal year for
which such statements have been filed.</FONT></TD>
</TR>
<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="1%" align="left" nowrap><FONT size="2">(b)</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="93%"><FONT size="2">All other reports filed by the
Registrant pursuant to Sections
13(a) or 15(d) of the Securities Exchange Act of 1934, as amended
(the &#147;<u>Exchange</u> <u>Act</u>&#148;), since the end of the fiscal year covered by
the Annual Report on Form&nbsp;10-K referred to in (a)&nbsp;above.</FONT></TD>
</TR>
</TABLE>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition, all documents subsequently filed by the Registrant pursuant
to Sections&nbsp;13(a), 13(c), 14 and 15(d) of the Exchange Act prior to the filing
of a post-effective amendment which indicates that all securities offered
hereby have been sold or which deregisters all of such securities then
remaining unsold, shall be deemed to be incorporated by reference in this
Registration Statement and to be a part hereof from the date of filing of such
documents.
</FONT>
<P align="left"><FONT size="2"><B>Item&nbsp;4. Description of Securities.</B>
</FONT>

<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On October&nbsp;28, 2002, the United States Bankruptcy Court for the District
of Delaware (the &#147;<u>Bankruptcy</u> <u>Court</u>&#148;) entered an order confirming the Revised
Third Amended Joint Plan of Reorganization (the &#147;<u>Plan</u>&#148;) of the Registrant. The
&#147;Effective Date&#148; of the Plan is expected to be November&nbsp;12, 2002 (the &#147;<u>Effective</u> <u>Date</u>&#148;). As of
the Effective Date and the consummation of the transactions
contemplated by the Plan, the Registrant will be governed by its Restated
Certificate of Incorporation (the &#147;<u>Amended</u> <u>Certificate</u>&#148;) and its
Restated Bylaws (the &#147;<u>Amended</u> <u>Bylaws</u>&#148;).
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Amended Certificate establishes that upon the Effective Date and in
accordance with the Plan, the authorized capital stock of the Registrant
consists of 110,000,001 shares, consisting of 100,000,000 shares of common
stock, par value $0.001 per share (the &#147;<u>New</u> <u>Common</u> <u>Stock</u>&#148;), 1 share of preferred
stock, par value $1.00 per share (&#147;<u>Special</u> <u>Director</u> <u>Preferred</u> <u>Stock</u>&#148;), and
10,000,000 shares of undesignated preferred stock, par value $0.001 per share
(&#147;<u>Undesignated</u> <u>Preferred</u> <u>Stock</u>&#148;) (the Special Director Preferred Stock and the
Undesignated Preferred Stock collectively shall be referred to as the &#147;<u>New</u>
<u>Preferred</u> <u>Stock</u>&#148;). On the Effective Date, the
Registrant expects to issue up to
20,000,000 shares of New Common Stock, 1 share of Special Director Preferred
Stock and certain other securities pursuant to the Plan. Additionally on the
Effective Date, the Registrant expects to issue options covering 2,222,222 shares of New Common
Stock under the Registrant&#146;s 2002
Management Incentive Plan (the &#147;<u>Incentive</u> <u>Plan</u>&#148;). This Registration Statement
registers the shares of New Common Stock issuable upon the exercise of stock
options and other awards provided in the Incentive Plan.
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following summary
description of the shares of New Common Stock issuable
by the Registrant pursuant to the Plan is qualified in its entirety by
reference to the Registrant&#146;s Amended
</FONT>
<P align="center"><FONT size="2">-2-</FONT>
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>


<P><FONT size="2"> Certificate and Amended Bylaws, copies of which
are incorporated by reference herein, and to the Delaware General Corporation Law, as
amended (the &#147;<u>DGCL</u>&#148;).
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As a result of the reorganization proceedings of the Registrant under the
U.S. Bankruptcy Code of 1978, as amended (the &#147;<u>Bankruptcy</u> <u>Code</u>&#148;), the
Registrant, pursuant to Section&nbsp;1123 of the Bankruptcy Code, is prohibited from
issuing any non-voting equity securities only for so long as Section&nbsp;1123 of
the Bankruptcy Code is in effect and applicable to the Registrant. This
restriction is included in the Amended Certificate.
</FONT>
<P><FONT size="2">NEW COMMON STOCK
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Holders of New Common Stock are entitled to one vote per share in person
or by proxy for each share held of record on all matters submitted to a vote of
the stockholders of the Registrant on which the holders of the New Common Stock
are entitled to vote. Holders of the New Common Stock shall vote together as
one class on all matters submitted to a vote of stockholders of the Registrant
generally. Subject to the preferences of any New Preferred Stock then
outstanding, the holders of the New Common Stock are entitled to receive
dividends and other distributions in cash, property or shares of stock of the
Registrant as may be declared thereon by the Registrant&#146;s board of directors
from time to time out of assets or funds of the Registrant legally available
therefor. Upon liquidation, winding-up or dissolution of the Registrant,
whether voluntarily or involuntarily, the holders of the New Common Stock shall
be entitled to share ratably in the net assets of the Registrant remaining
after payment of all liquidation preferences, if any, applicable to any
outstanding New Preferred Stock.
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The New Common Stock has no preemptive or conversion rights or the benefit
of any sinking fund and is not subject to redemption or to liability for any
further calls by the Registrant.
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The transfer agent and registrar for the New Common Stock is EquiServe
Trust Company, N.A.
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;According to the Registrant&#146;s Amended Bylaws, the board of directors must
be composed of at least one and no more than twelve directors. The Registrant&#146;s
board will consist of nine directors. The number of directors may be changed from
time to time by resolution of the board of directors. According to the
Registrant&#146;s Amended Certificate, the Registrant has a board of directors
consisting of three classes, with the term of office of one class expiring each
year. The three directors of the first class will hold office until the next
annual meeting following the Effective Date or until a successor is duly
elected and qualified, the three directors of the second class will hold office
until the next succeeding annual meeting or until a successor is duly elected
and qualified, and the three directors of the third class will hold office
until the next thereafter succeeding annual meeting or until a successor is
duly elected and qualified. Commencing with the next annual meeting following
the Effective Date, each class of directors whose term shall then or thereafter
expire will be elected to hold office for a three-year term. The holder of the
Special Director Preferred Stock shall have the power and authority to
nominate, elect, remove and replace a single member of the board.
Additionally, the consent of at least two-thirds of the members of the board is
necessary to change the size of the board or create an executive committee of
the board, for so long as the share of Special Director Preferred Stock is
outstanding.
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Registrant&#146;s board of directors will have the authority, without
further action by its stockholders, to issue shares of undesignated preferred
stock from time to time in one or more series. The board will be able to fix
the number of shares and relative designations, voting powers, preferences,
participating, optional and other special rights and restrictions of that
preferred stock. The rights, preferences, privileges and restrictions or
qualifications of different series of preferred stock may differ with respect
to dividend rates, amounts payable on liquidation, voting rights, conversion
rights, redemption provisions, sinking fund provisions and other matters. The
issuance of preferred stock (including the Special Director Preferred Stock)
could decrease the amount of earnings and assets available for distribution to
holders of common stock, adversely affect the rights
</FONT>
<P align="center"><FONT size="2">-3-</FONT>
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>


<P><FONT size="2"> and powers, including voting rights, of holders of common stock, and have
the effect of delaying, deterring or preventing a change in control of the
Registrant. The Special Director Preferred Stock has certain special rights
and powers set forth in the Amended Certificate. For example, for as long as
the holder of Special Director Preferred Stock is entitled to designate a
director, the Registrant may not amend its Amended Certificate to change the
number of directors unless there is an affirmative vote of two-thirds of the
board and it may not amend the Amended Certificate so as to adversely affect
the holder of the Special Director Preferred Stock without the holder&#146;s
consent.
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In accordance with Delaware law, any action required or permitted to be
taken at a stockholders&#146; meeting may be taken without a meeting or a vote if
the action is consented to in writing by holders of outstanding stock having
the votes necessary to authorize the action. The Registrant&#146;s Amended Bylaws
provide that the chairman of the board and chief executive officer may call
special meetings of the stockholders for any purpose at any time. Further, the
Amended Bylaws provide that a special meeting may be called by the secretary
upon the written request of a majority of the board of directors or of any
holder of Special Director Preferred Stock or of stockholders holding a
majority of the entire capital stock issued and outstanding and entitled to
vote. This request must state the purposes of the proposed meeting.
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Registrant is subject to Section&nbsp;203 of the DGCL, which regulates
certain corporate acquisitions. In general, Section&nbsp;203 prohibits a publicly
held Delaware corporation from engaging in a business combination with an
interested stockholder for a period of three years following the date the
person became an interested stockholder, unless:
</FONT>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
        <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="1%" align="left" nowrap><FONT size="2">&#149;</FONT></TD>
        <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="97%"><FONT size="2">before the stockholder became an interested stockholder, the board of
directors approved either the business combination or the transaction
that resulted in the stockholder becoming an interested stockholder;</FONT></TD>
</TR>
<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
        <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="1%" align="left" nowrap><FONT size="2">&#149;</FONT></TD>
        <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="97%"><FONT size="2">upon consummation of the transaction that resulted in the stockholder
becoming an interested stockholder, the interested stockholder owned at
least 85% of the voting stock outstanding at the time the transaction
began, excluding shares owned by persons who are directors and also
officers and employee stock plans in which employee participants do not
have the right to determine confidentially whether shares held subject
to the plan will be tendered in a tender offer or exchange offer; or</FONT></TD>
</TR>
<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
        <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="1%" align="left" nowrap><FONT size="2">&#149;</FONT></TD>
        <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="97%"><FONT size="2">at or after the time the stockholder became an interested
stockholder, the business combination is approved by the board of
directors and authorized by the affirmative vote of at least 66 2/3% of
the outstanding voting stock that is not owned by the interested
stockholder.</FONT></TD>
</TR>
</TABLE>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under some circumstances, Section&nbsp;203 of the DGCL makes it more difficult
for an interested stockholder to effect various business combinations with the
Registrant for a three-year period, although the stockholders of the Registrant
may elect to exclude the company from the restrictions imposed under this
section.
</FONT>
<P align="left"><FONT size="2"><B>Item&nbsp;5. Interests of Named Experts or Counsel.</B>
</FONT>

<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
</FONT>
<P align="left"><FONT size="2"><B>Item&nbsp;6. Indemnification of Directors and Officers.</B>
</FONT>

<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Registrant&#146;s Amended Certificate and Amended Bylaws provide for
indemnification of officers and directors of the Registrant and certain other
persons to the full extent permitted by law, as now in effect or later amended,
against liabilities and expenses incurred by any of them in certain stated
proceedings and under certain stated conditions.
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Registrant may maintain insurance for the benefit of its directors,
officers, employees, agents and certain other persons, insuring such persons
against any expense, liability, or loss,
</FONT>
<P align="center"><FONT size="2">-4-</FONT>
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<P><FONT size="2">including liability under the securities law.
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;102 of the DGCL allows a corporation to eliminate the personal
liability of directors of a corporation to the corporation or its stockholders
for monetary damages for a breach of fiduciary duty as a director, except where
the director breached his duty of loyalty, failed to act in good faith, engaged
in intentional misconduct or knowingly violated a law, authorized the payment
of a dividend or approved a stock repurchase in violation of the DGCL or
obtained an improper personal benefit.
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;145 of the DGCL provides, among other things, that a company may
indemnify any person who was or is a party or is threatened to be made a party
to any threatened, pending or completed action, suit or proceeding (other than
an action by or in the right of the company) by reason of the fact that the
person is or was a director, officer, agent or employee of the company or is or
was serving at the company&#146;s request as a director, officer, agent, or employee
of another corporation, partnership, joint venture, trust or other enterprise,
against expenses, including attorneys&#146; fees, judgments, fines and amounts paid
in settlement actually and reasonably incurred by the person in connection with
such action, suit or proceeding. The power to indemnify applies (a)&nbsp;if such
person is successful on the merits or otherwise in defense of any action, suit
or proceeding, or (b)&nbsp;if such person acted in good faith and in a manner he or
she reasonably believed to be in the best interest, or not opposed to the best
interest, of the company, and with respect to any criminal action or
proceeding, had no reasonable cause to believe his or her conduct was unlawful.
The power to indemnify applies to actions brought by or in the right of the
company as well, but only to the extent of defense expenses (including
attorneys&#146; fees but excluding amounts paid in settlement) actually and
reasonably incurred and not to any satisfaction of judgment or settlement of
the claim itself, and with the further limitation that in such actions no
indemnification shall be made in the event of any adjudication of negligence or
misconduct in the performance of his or her duties to the company, unless the
court believes that in the light of all the circumstances indemnification
should apply.
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;174 of the DGCL provides, among other things, that a director, who
willfully or negligently approves of an unlawful payment of dividends or an
unlawful stock purchase or redemption, may be held liable for such actions. A
director who was either absent when the unlawful actions were approved or
dissented at the time may avoid liability by causing his or her dissent to such
actions to be entered in the books containing the minutes of the meetings of
the board of directors at the time such action occurred or immediately after
such absent director receives notice of the unlawful acts.
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The foregoing discussion is qualified in its entirety by reference to the
Registrant&#146;s Amended Certificate and Amended Bylaws, copies of which are filed
as exhibits to this Registration Statement, and the DGCL.
</FONT>
<P align="left"><FONT size="2"><B>Item&nbsp;7. Exemption from Registration Claimed.</B>
</FONT>

<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
</FONT>
<P align="left"><FONT size="2"><B>Item&nbsp;8. Exhibits.</B>
</FONT>

<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following exhibits are part of this Registration Statement:
</FONT>
<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
        <TD width="10%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="77%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD nowrap valign="top"><FONT size="2"><u>Exhibit&nbsp;Number</u></FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
<u>Description of Exhibits</u></FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2"><P></FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
        <TD align="center" valign="top"><FONT size="2">2.1</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Revised Third Amended Joint Plan of Reorganization of the Registrant (incorporated by reference to Exhibit 2.1 to the Registrant&#146;s
Current Report on Form 8-K, filed on November 12, 2002, File No.
000-32421).</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2"><P></FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
        <TD align="center" valign="top"><FONT size="2">2.2</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Revised Second Amended Disclosure Statement Pursuant to Section
1125 of the Bankruptcy Code for the Revised Third Amended Joint
Plan of Reorganization (incorporated by reference to Exhibit&nbsp;99.1
to the Registrant&#146;s Current Report on Form&nbsp;8-K, filed on August&nbsp;9,
2002, File No. 000-32421).</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P align="center"><FONT size="2">-5-</FONT>
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<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
        <TD width="10%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="77%">&nbsp;</TD>
</TR>

<TR valign="bottom">
        <TD align="center" valign="top"><FONT size="2">2.3</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Order of the Bankruptcy Court, dated October&nbsp;28, 2002, confirming
the Registrant&#146;s Revised Third Amended Joint Plan of
Reorganization
(incorporated by reference to Exhibit 2.3 to the Registrant&#146;s
Current Report on Form 8-K, filed on November 12, 2002, File No.
000-32421).
</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2"><P></FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
        <TD align="center" valign="top"><FONT size="2">3.1</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Restated Certificate of Incorporation of the Registrant (incorporated by reference to Exhibit 3.1 to the Registrant&#146;s
Current Report on Form 8-K, filed on November 12, 2002, File No.
000-32421).
</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2"><P></FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
        <TD align="center" valign="top"><FONT size="2">3.2</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Amended and Restated Bylaws of the Registrant (incorporated by reference to Exhibit 3.2 to the Registrant&#146;s
Current Report on Form 8-K, filed on November 12, 2002, File No.
000-32421).
</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2"><P></FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
        <TD align="center" valign="top"><FONT size="2">5.1</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Opinion of Bingham McCutchen LLP (filed herewith).</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2"><P></FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
        <TD align="center" valign="top"><FONT size="2">23.1</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Consent of Deloitte &#038; Touche LLP (filed herewith).</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2"><P></FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
        <TD align="center" valign="top"><FONT size="2">23.2</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Consent of Bingham McCutchen LLP (included in the opinion filed as
Exhibit&nbsp;5.1 hereto).</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2"><P></FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
        <TD align="center" valign="top"><FONT size="2">24.1</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Powers of Attorney (included in the signature page of this
Registration Statement).</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2"><P></FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
        <TD align="center" valign="top"><FONT size="2">99.1</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
2002 Management Incentive Plan (filed herewith).</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P align="left"><FONT size="2"><B>Item&nbsp;9. Undertakings.</B>
</FONT>

<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The undersigned Registrant hereby undertakes:
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp; To file, during any period in which offers or sales are being made, a
post-effective amendment to this Registration Statement:
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;To include any prospectus required by section 10(a)(3) of the
Securities Act of 1933;
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;To reflect in the prospectus any facts or events arising after the
effective date of the Registration Statement (or the most recent post-effective
amendment thereof) which, individually or in the aggregate, represent a
fundamental change in the information set forth in the Registration Statement.
Notwithstanding the foregoing, any increase or decrease in volume of securities
offered (if the total dollar value of securities offered would not exceed that
which was registered) and any deviation from the low or high end of the
estimated maximum offering range may be reflected in the form of prospectus
filed with the Securities and Exchange Commission pursuant to Rule&nbsp;424(b) if,
in the aggregate, the changes in volume and price represent no more than a 20%
change in the maximum aggregate offering price set forth in the &#147;Calculation of
Registration Fee&#148; table in the effective Registration Statement.
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;To include any material information with respect to the plan of
distribution not previously disclosed in the Registration Statement or any
material change to such information in the Registration Statement;
</FONT>
<P><FONT size="2">provided, however, that paragraphs (i)&nbsp;and (ii)&nbsp;do not apply if the information
required to be included in a post-effective amendment by those paragraphs is
contained in periodic reports filed with or furnished to the SEC by the
Registrant pursuant to Section&nbsp;13 or 15(d) of the Exchange Act that are
incorporated by reference in this Registration Statement.
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp; That, for the purpose of determining any liability under the
Securities Act of 1933, as amended (the &#147;<u>Securities</u> <u>Act</u>&#148;), each such
post-effective amendment shall be deemed to be a new
</FONT>
<P align="center"><FONT size="2">-6-</FONT>
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>


<P><FONT size="2">registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof.
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp; To remove from registration by means of a post-effective amendment any
of the securities being registered which remain unsold at the termination of
the offering.
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4)&nbsp; For purposes of determining any liability under the Securities Act,
each filing of the Registrant&#146;s annual report pursuant to Section&nbsp;13(a) or
15(d) of the Exchange Act (and, where applicable, each filing of an employee
benefit plan&#146;s annual report pursuant to Section&nbsp;15(d) of the Exchange Act)
that is incorporated by reference in this Registration Statement shall be
deemed to be a new registration statement relating to the securities offered
therein, and the offering of such securities at that time shall be deemed to be
the initial bona fide offering thereof.
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5)&nbsp; Insofar as indemnification for liabilities arising under the
Securities Act may be permitted to directors, officers and controlling persons
of the Registrant pursuant to the foregoing provisions, or otherwise, the
Registrant has been advised that in the opinion of the Securities and Exchange
Commission such indemnification is against public policy as expressed in the
Securities Act and is, therefore, unenforceable. In the event that a claim for
indemnification against such liabilities (other than the payment by the
Registrant of expenses incurred or paid by a director, officer or controlling
person in the successful defense of any action, suit or proceeding) is asserted
by such director, officer or controlling person in connection with the
securities being registered, the Registrant will, unless in the opinion of
their counsel the matter has been settled by controlling precedent, submit to a
court of appropriate jurisdiction the question whether such indemnification is
against public policy as expressed in the Securities Act and will be governed
by the final adjudication of such issue.
</FONT>
<P align="center"><FONT size="2">-7-</FONT>
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<P align="center"><FONT size="2">SIGNATURES
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, as amended,
the Registrant certifies that it has reasonable grounds to believe that it
meets all of the requirements for filing on Form&nbsp;S-8 and has duly caused this
Registration Statement to be signed on its behalf by the undersigned, thereunto
duly authorized, in the City of Reston, State of Virginia, on this 12th day of
November, 2002.
</FONT>

<TABLE cellspacing="0" align="right" border="0" cellpadding="0" width="60%">
<TR valign="bottom">
        <TD width="5%">&nbsp;</TD>
        <TD width="3%">&nbsp;</TD>
        <TD width="92%">&nbsp;</TD>
</TR>

<TR valign="bottom">
        <TD colspan="3" valign="top"><FONT size="2">NII HOLDINGS, INC.</FONT></TD>
</TR>

<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">By:</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
/s/ Steven M. Shindler<BR>
</FONT><HR width="45%" align="left" size="1" noshade><FONT size="2">
Name: Steven M. Shindler<BR>
Title: Chief Executive Officer</FONT></TD>
</TR>
</TABLE>

<br clear="all">

<P align="center"><FONT size="2">POWER OF ATTORNEY AND SIGNATURES
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each person whose signature appears below hereby appoints Steven M.
Shindler and Byron R. Siliezar, and each of them severally, his/her true and
lawful attorney-in-fact with the authority to execute in the name of each such
person, and to file with the Securities and Exchange Commission, together with
any exhibits thereto and other documents therewith, any and all amendments
(including without limitation post-effective amendments) to this Registration
Statement on Form&nbsp;S-8 necessary or advisable to enable the Registrant to comply
with the Securities Act of 1933, as amended, and any rules, regulations, and
requirements of the Securities and Exchange Commission in respect thereof,
which amendments may make such other changes in the Registration Statement as
the aforesaid attorney-in-fact executing the same deems appropriate.
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, as amended,
this Registration Statement has been signed by the following persons in the
capacities and on the dates indicated.
</FONT>
<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="65%">
<TR valign="bottom">
        <TD width="32%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="39%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="19%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD align="center" valign="top"><FONT size="2"><u>Signature</u></FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="center" valign="top"><FONT size="2">
<u>Title</u>
</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="center" valign="top"><FONT size="2"><u>Date</u></FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">/s/ Steven M. Shindler<BR>
</FONT><HR size="1" noshade><FONT size="2">
Steven M. Shindler</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Chief Executive Officer,<BR>
Director and Chairman of the<BR>
Board of Directors (Principal<BR>
Executive Officer)
</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" nowrap valign="top"><FONT size="2">November
12, 2002</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">/s/ Byron R. Siliezar<BR>
</FONT><HR size="1" noshade><FONT size="2">
Byron R. Siliezar</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Vice President and Chief<BR>
Financial Officer (Principal<BR>
Financial Officer)
</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">November 12, 2002</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">/s/ Ricardo Israele<BR>
</FONT><HR size="1" noshade><FONT size="2">
Ricardo Israele</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Vice President and Controller<BR>
(Principal Accounting Officer)
</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">November 12, 2002</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">/s/ Timothy M. Donahue<BR>
</FONT><HR size="1" noshade><FONT size="2">
Timothy M. Donahue</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Director
</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">November 12, 2002</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">/s/ Steven P. Dussek<BR>
</FONT><HR size="1" noshade><FONT size="2">
Steven P. Dussek</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Director
</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">November 12, 2002</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P align="center"><FONT size="2">-8-</FONT>
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="65%">
<TR valign="bottom">
        <TD width="32%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="39%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="19%">&nbsp;</TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">/s/ Neal P. Goldman<BR>
</FONT><HR size="1" noshade><FONT size="2">
Neal P. Goldman</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Director
</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD nowrap align="left" valign="top"><FONT size="2">November
12, 2002</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">/s/ Carolyn Katz<BR>
</FONT><HR size="1" noshade><FONT size="2">
Carolyn Katz</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Director
</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">November 12, 2002</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">/s/ Donald E. Morgan<BR>
</FONT><HR size="1" noshade><FONT size="2">
Donald E. Morgan</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Director
</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">November 12, 2002</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">/s/ John W. Risner<BR>
</FONT><HR size="1" noshade><FONT size="2">
John W. Risner</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Director
</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">November 12, 2002</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">/s/ John T. Stupka<BR>
</FONT><HR size="1" noshade><FONT size="2">
John T. Stupka</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Director
</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">November 12, 2002</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">/s/ Fred Wright<BR>
</FONT><HR size="1" noshade><FONT size="2">
Fred Wright</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Director
</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">November 12, 2002</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P align="center"><FONT size="2">-9-</FONT>
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<P align="center"><FONT size="2"><B>Exhibit&nbsp;Index</B>
</FONT>

<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
        <TD width="10%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="77%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2"><u>Exhibit&nbsp;Number</u></FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
<u>Description of Exhibits</u></FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2"><P></FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
        <TD align="center" valign="top"><FONT size="2">2.1</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Revised Third Amended Joint Plan of Reorganization of the Registrant (incorporated by
reference to Exhibit&nbsp;2.1 to the Registrant&#146;s Current Report on Form 8-K, filed on November 12, 2002, File No.
000-32421).</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2"><P></FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
        <TD align="center" valign="top"><FONT size="2">2.2</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Revised Second Amended Disclosure Statement Pursuant to Section
1125 of the Bankruptcy Code for the Revised Third Amended Joint
Plan of Reorganization (incorporated by reference to Exhibit&nbsp;99.1
to the Registrant&#146;s Current Report on Form&nbsp;8-K, filed on August&nbsp;9,
2002, File No.
000-32421).</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2"><P></FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
        <TD align="center" valign="top"><FONT size="2">2.3</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Order of the Bankruptcy Court, dated October&nbsp;28, 2002, confirming
the Registrant&#146;s Revised Third Amended Joint Plan of
Reorganization (incorporated by reference to Exhibit&nbsp;2.3
to the Registrant&#146;s Current Report on Form&nbsp;8-K, filed on November 12, 2002, File No.
000-32421).</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2"><P></FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
        <TD align="center" valign="top"><FONT size="2">3.1</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Restated Certificate of Incorporation of the Registrant (incorporated by reference to Exhibit&nbsp;3.1 to the Registrant&#146;s Current Report on Form 8-K, filed on November 12, 2002, File No.
000-32421).</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2"><P></FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
        <TD align="center" valign="top"><FONT size="2">3.2</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Amended and Restated Bylaws of the Registrant (incorporated by reference to Exhibit&nbsp;3.2 to the Registrant&#146;s Current Report on Form 8-K, filed on November 12, 2002, File No.
000-32421).</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2"><P></FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
        <TD align="center" valign="top"><FONT size="2">5.1</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Opinion of Bingham McCutchen LLP (filed herewith).</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2"><P></FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
        <TD align="center" valign="top"><FONT size="2">23.1</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Consent of Deloitte &#038; Touche LLP (filed herewith).</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2"><P></FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
        <TD align="center" valign="top"><FONT size="2">23.2</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Consent of Bingham McCutchen LLP (included in the opinion filed as
Exhibit&nbsp;5.1 hereto).</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2"><P></FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
        <TD align="center" valign="top"><FONT size="2">24.1</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Powers of Attorney (included in the signature page of this
Registration Statement).</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2"><P></FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
        <TD align="center" valign="top"><FONT size="2">99.1</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
2002 Management Incentive Plan (filed herewith).</FONT></TD>
</TR>
</TABLE>
</CENTER>

<P align="center"><FONT size="2">-10-</FONT>




</BODY>
</HTML>
[{"type": "S-8", "sequence": "1", "filename": "w65182sv8.htm", "description": "FORM S-8", "secsgml_size_bytes": 56837}]
{"company-data": {"conformed-name": "NII HOLDINGS INC", "cik": "0001037016", "assigned-sic": "4812", "irs-number": "911671412", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-101136", "film-number": "02816551"}, "business-address": {"street1": "10700 PARKRIDGE BLVD", "street2": "SUITE 600", "city": "RESTON", "state": "VA", "zip": "20191", "phone": "7034334000"}, "mail-address": {"street1": "10700 PARKRIDGE BLVD", "street2": "SUITE 600", "city": "RESTON", "state": "VA", "zip": "20191"}, "former-company": [{"former-conformed-name": "MCCAW INTERNATIONAL LTD", "date-changed": "19970402"}, {"former-conformed-name": "NEXTEL INTERNATIONAL INC", "date-changed": "19970919"}]}
sv8
As filed with the Securities and
Exchange Commission on November 12, 2002.
Registration No. 333-______
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
__________________
FORM S-8
REGISTRATION STATEMENT UNDER
THE SECURITIES ACT OF 1933
__________________
NII HOLDINGS, INC.
(Exact Name of Registrant as Specified in Its Charter)
DELAWARE
(State or Other Jurisdiction of Incorporation or Organization)
91-1671412
(I.R.S. Employer Identification No.)
10700 Parkridge Boulevard, Suite 600, Reston, Virginia
20191
(Address of Principal Executive Offices)
(Zip Code)
__________________
2002 Management Incentive Plan
(Full Title of the Plan)
__________________
Robert J. Gilker, Esq.
Vice President and General Counsel
NII Holdings, Inc.
10700 Parkridge Boulevard, Suite 600
Reston, Virginia 20191
(Name and Address of Agent for Service)
(703) 390-5100
Telephone Number, Including Area Code, of Agent For Service
__________________
Copies of Communications to:
Evan D. Flaschen, Esq.
Patrick J. Trostle, Esq.
John R. Utzschneider, Esq.
Bingham McCutchen LLP
150 Federal Street
Boston, MA 02110-1726
(617) 951-8000
CALCULATION OF REGISTRATION FEE
Proposed
Proposed
Title Of
Maximum
Maximum
Securities
Amount
Offering
Aggregate
Amount Of
To Be
To Be
Price Per
Offering
Registration
Registered
Registered (1)
Share (2)
Price (2)
Fee
Common Stock,
2,222,222
$2.50
$5,555,555
$511.11
$0.001 par value per share
(1)     In addition to the shares set forth in the table, the amount to be
registered includes an indeterminate number of shares issuable upon adjustment
due to stock splits, stock dividends and anti-dilution provisions, and other
adjustments as provided in the 2002 Management Incentive Plan.
(2)     Estimated solely for the purpose of computing the registration fee pursuant
to Rule 457(h) under the Securities Act of 1933, as amended. The book value
per share is estimated to be $2.50 based on stockholders equity of $50,000,000
divided by 20,000,000 shares, the number of shares of Common Stock outstanding
on the date hereof.
PART I
EXPLANATORY NOTE
In accordance with the Note to Part I of Form S-8, the information
specified in Part I of Form S-8 has been omitted from this Registration
Statement.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
The following documents filed by NII Holdings, Inc. (the "
Registrant
")
with the Securities and Exchange Commission (the "
SEC
") are hereby incorporated
by reference in this Registration Statement:
(a)
The Registrant's Annual Report on Form 10-K for the year
ended December 31, 2001, filed on March 29, 2002, which contains
audited financial statements for the most recent fiscal year for
which such statements have been filed.
(b)
All other reports filed by the
Registrant pursuant to Sections
13(a) or 15(d) of the Securities Exchange Act of 1934, as amended
(the "
Exchange
Act
"), since the end of the fiscal year covered by
the Annual Report on Form 10-K referred to in (a) above.
In addition, all documents subsequently filed by the Registrant pursuant
to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act prior to the filing
of a post-effective amendment which indicates that all securities offered
hereby have been sold or which deregisters all of such securities then
remaining unsold, shall be deemed to be incorporated by reference in this
Registration Statement and to be a part hereof from the date of filing of such
documents.
Item 4. Description of Securities.
On October 28, 2002, the United States Bankruptcy Court for the District
of Delaware (the "
Bankruptcy
Court
") entered an order confirming the Revised
Third Amended Joint Plan of Reorganization (the "
Plan
") of the Registrant. The
"Effective Date" of the Plan is expected to be November 12, 2002 (the "
Effective
Date
"). As of
the Effective Date and the consummation of the transactions
contemplated by the Plan, the Registrant will be governed by its Restated
Certificate of Incorporation (the "
Amended
Certificate
") and its
Restated Bylaws (the "
Amended
Bylaws
").
The Amended Certificate establishes that upon the Effective Date and in
accordance with the Plan, the authorized capital stock of the Registrant
consists of 110,000,001 shares, consisting of 100,000,000 shares of common
stock, par value $0.001 per share (the "
New
Common
Stock
"), 1 share of preferred
stock, par value $1.00 per share ("
Special
Director
Preferred
Stock
"), and
10,000,000 shares of undesignated preferred stock, par value $0.001 per share
("
Undesignated
Preferred
Stock
") (the Special Director Preferred Stock and the
Undesignated Preferred Stock collectively shall be referred to as the "
New
Preferred
Stock
"). On the Effective Date, the
Registrant expects to issue up to
20,000,000 shares of New Common Stock, 1 share of Special Director Preferred
Stock and certain other securities pursuant to the Plan. Additionally on the
Effective Date, the Registrant expects to issue options covering 2,222,222 shares of New Common
Stock under the Registrant's 2002
Management Incentive Plan (the "
Incentive
Plan
"). This Registration Statement
registers the shares of New Common Stock issuable upon the exercise of stock
options and other awards provided in the Incentive Plan.
The following summary
description of the shares of New Common Stock issuable
by the Registrant pursuant to the Plan is qualified in its entirety by
reference to the Registrant's Amended
-2-
Certificate and Amended Bylaws, copies of which
are incorporated by reference herein, and to the Delaware General Corporation Law, as
amended (the "
DGCL
").
As a result of the reorganization proceedings of the Registrant under the
U.S. Bankruptcy Code of 1978, as amended (the "
Bankruptcy
Code
"), the
Registrant, pursuant to Section 1123 of the Bankruptcy Code, is prohibited from
issuing any non-voting equity securities only for so long as Section 1123 of
the Bankruptcy Code is in effect and applicable to the Registrant. This
restriction is included in the Amended Certificate.
NEW COMMON STOCK
Holders of New Common Stock are entitled to one vote per share in person
or by proxy for each share held of record on all matters submitted to a vote of
the stockholders of the Registrant on which the holders of the New Common Stock
are entitled to vote. Holders of the New Common Stock shall vote together as
one class on all matters submitted to a vote of stockholders of the Registrant
generally. Subject to the preferences of any New Preferred Stock then
outstanding, the holders of the New Common Stock are entitled to receive
dividends and other distributions in cash, property or shares of stock of the
Registrant as may be declared thereon by the Registrant's board of directors
from time to time out of assets or funds of the Registrant legally available
therefor. Upon liquidation, winding-up or dissolution of the Registrant,
whether voluntarily or involuntarily, the holders of the New Common Stock shall
be entitled to share ratably in the net assets of the Registrant remaining
after payment of all liquidation preferences, if any, applicable to any
outstanding New Preferred Stock.
The New Common Stock has no preemptive or conversion rights or the benefit
of any sinking fund and is not subject to redemption or to liability for any
further calls by the Registrant.
The transfer agent and registrar for the New Common Stock is EquiServe
Trust Company, N.A.
According to the Registrant's Amended Bylaws, the board of directors must
be composed of at least one and no more than twelve directors. The Registrant's
board will consist of nine directors. The number of directors may be changed from
time to time by resolution of the board of directors. According to the
Registrant's Amended Certificate, the Registrant has a board of directors
consisting of three classes, with the term of office of one class expiring each
year. The three directors of the first class will hold office until the next
annual meeting following the Effective Date or until a successor is duly
elected and qualified, the three directors of the second class will hold office
until the next succeeding annual meeting or until a successor is duly elected
and qualified, and the three directors of the third class will hold office
until the next thereafter succeeding annual meeting or until a successor is
duly elected and qualified. Commencing with the next annual meeting following
the Effective Date, each class of directors whose term shall then or thereafter
expire will be elected to hold office for a three-year term. The holder of the
Special Director Preferred Stock shall have the power and authority to
nominate, elect, remove and replace a single member of the board.
Additionally, the consent of at least two-thirds of the members of the board is
necessary to change the size of the board or create an executive committee of
the board, for so long as the share of Special Director Preferred Stock is
outstanding.
The Registrant's board of directors will have the authority, without
further action by its stockholders, to issue shares of undesignated preferred
stock from time to time in one or more series. The board will be able to fix
the number of shares and relative designations, voting powers, preferences,
participating, optional and other special rights and restrictions of that
preferred stock. The rights, preferences, privileges and restrictions or
qualifications of different series of preferred stock may differ with respect
to dividend rates, amounts payable on liquidation, voting rights, conversion
rights, redemption provisions, sinking fund provisions and other matters. The
issuance of preferred stock (including the Special Director Preferred Stock)
could decrease the amount of earnings and assets available for distribution to
holders of common stock, adversely affect the rights
-3-
and powers, including voting rights, of holders of common stock, and have
the effect of delaying, deterring or preventing a change in control of the
Registrant. The Special Director Preferred Stock has certain special rights
and powers set forth in the Amended Certificate. For example, for as long as
the holder of Special Director Preferred Stock is entitled to designate a
director, the Registrant may not amend its Amended Certificate to change the
number of directors unless there is an affirmative vote of two-thirds of the
board and it may not amend the Amended Certificate so as to adversely affect
the holder of the Special Director Preferred Stock without the holder's
consent.
In accordance with Delaware law, any action required or permitted to be
taken at a stockholders' meeting may be taken without a meeting or a vote if
the action is consented to in writing by holders of outstanding stock having
the votes necessary to authorize the action. The Registrant's Amended Bylaws
provide that the chairman of the board and chief executive officer may call
special meetings of the stockholders for any purpose at any time. Further, the
Amended Bylaws provide that a special meeting may be called by the secretary
upon the written request of a majority of the board of directors or of any
holder of Special Director Preferred Stock or of stockholders holding a
majority of the entire capital stock issued and outstanding and entitled to
vote. This request must state the purposes of the proposed meeting.
The Registrant is subject to Section 203 of the DGCL, which regulates
certain corporate acquisitions. In general, Section 203 prohibits a publicly
held Delaware corporation from engaging in a business combination with an
interested stockholder for a period of three years following the date the
person became an interested stockholder, unless:
•
before the stockholder became an interested stockholder, the board of
directors approved either the business combination or the transaction
that resulted in the stockholder becoming an interested stockholder;
•
upon consummation of the transaction that resulted in the stockholder
becoming an interested stockholder, the interested stockholder owned at
least 85% of the voting stock outstanding at the time the transaction
began, excluding shares owned by persons who are directors and also
officers and employee stock plans in which employee participants do not
have the right to determine confidentially whether shares held subject
to the plan will be tendered in a tender offer or exchange offer; or
•
at or after the time the stockholder became an interested
stockholder, the business combination is approved by the board of
directors and authorized by the affirmative vote of at least 66 2/3% of
the outstanding voting stock that is not owned by the interested
stockholder.
Under some circumstances, Section 203 of the DGCL makes it more difficult
for an interested stockholder to effect various business combinations with the
Registrant for a three-year period, although the stockholders of the Registrant
may elect to exclude the company from the restrictions imposed under this
section.
Item 5. Interests of Named Experts or Counsel.
Not applicable.
Item 6. Indemnification of Directors and Officers.
The Registrant's Amended Certificate and Amended Bylaws provide for
indemnification of officers and directors of the Registrant and certain other
persons to the full extent permitted by law, as now in effect or later amended,
against liabilities and expenses incurred by any of them in certain stated
proceedings and under certain stated conditions.
The Registrant may maintain insurance for the benefit of its directors,
officers, employees, agents and certain other persons, insuring such persons
against any expense, liability, or loss,
-4-
including liability under the securities law.
Section 102 of the DGCL allows a corporation to eliminate the personal
liability of directors of a corporation to the corporation or its stockholders
for monetary damages for a breach of fiduciary duty as a director, except where
the director breached his duty of loyalty, failed to act in good faith, engaged
in intentional misconduct or knowingly violated a law, authorized the payment
of a dividend or approved a stock repurchase in violation of the DGCL or
obtained an improper personal benefit.
Section 145 of the DGCL provides, among other things, that a company may
indemnify any person who was or is a party or is threatened to be made a party
to any threatened, pending or completed action, suit or proceeding (other than
an action by or in the right of the company) by reason of the fact that the
person is or was a director, officer, agent or employee of the company or is or
was serving at the company's request as a director, officer, agent, or employee
of another corporation, partnership, joint venture, trust or other enterprise,
against expenses, including attorneys' fees, judgments, fines and amounts paid
in settlement actually and reasonably incurred by the person in connection with
such action, suit or proceeding. The power to indemnify applies (a) if such
person is successful on the merits or otherwise in defense of any action, suit
or proceeding, or (b) if such person acted in good faith and in a manner he or
she reasonably believed to be in the best interest, or not opposed to the best
interest, of the company, and with respect to any criminal action or
proceeding, had no reasonable cause to believe his or her conduct was unlawful.
The power to indemnify applies to actions brought by or in the right of the
company as well, but only to the extent of defense expenses (including
attorneys' fees but excluding amounts paid in settlement) actually and
reasonably incurred and not to any satisfaction of judgment or settlement of
the claim itself, and with the further limitation that in such actions no
indemnification shall be made in the event of any adjudication of negligence or
misconduct in the performance of his or her duties to the company, unless the
court believes that in the light of all the circumstances indemnification
should apply.
Section 174 of the DGCL provides, among other things, that a director, who
willfully or negligently approves of an unlawful payment of dividends or an
unlawful stock purchase or redemption, may be held liable for such actions. A
director who was either absent when the unlawful actions were approved or
dissented at the time may avoid liability by causing his or her dissent to such
actions to be entered in the books containing the minutes of the meetings of
the board of directors at the time such action occurred or immediately after
such absent director receives notice of the unlawful acts.
The foregoing discussion is qualified in its entirety by reference to the
Registrant's Amended Certificate and Amended Bylaws, copies of which are filed
as exhibits to this Registration Statement, and the DGCL.
Item 7. Exemption from Registration Claimed.
Not applicable.
Item 8. Exhibits.
The following exhibits are part of this Registration Statement:
Exhibit Number
Description of Exhibits
2.1
Revised Third Amended Joint Plan of Reorganization of the Registrant (incorporated by reference to Exhibit 2.1 to the Registrant's
Current Report on Form 8-K, filed on November 12, 2002, File No.
000-32421).
2.2
Revised Second Amended Disclosure Statement Pursuant to Section
1125 of the Bankruptcy Code for the Revised Third Amended Joint
Plan of Reorganization (incorporated by reference to Exhibit 99.1
to the Registrant's Current Report on Form 8-K, filed on August 9,
2002, File No. 000-32421).
-5-
2.3
Order of the Bankruptcy Court, dated October 28, 2002, confirming
the Registrant's Revised Third Amended Joint Plan of
Reorganization
(incorporated by reference to Exhibit 2.3 to the Registrant's
Current Report on Form 8-K, filed on November 12, 2002, File No.
000-32421).
3.1
Restated Certificate of Incorporation of the Registrant (incorporated by reference to Exhibit 3.1 to the Registrant's
Current Report on Form 8-K, filed on November 12, 2002, File No.
000-32421).
3.2
Amended and Restated Bylaws of the Registrant (incorporated by reference to Exhibit 3.2 to the Registrant's
Current Report on Form 8-K, filed on November 12, 2002, File No.
000-32421).
5.1
Opinion of Bingham McCutchen LLP (filed herewith).
23.1
Consent of Deloitte & Touche LLP (filed herewith).
23.2
Consent of Bingham McCutchen LLP (included in the opinion filed as
Exhibit 5.1 hereto).
24.1
Powers of Attorney (included in the signature page of this
Registration Statement).
99.1
2002 Management Incentive Plan (filed herewith).
Item 9. Undertakings.
The undersigned Registrant hereby undertakes:
(1)  To file, during any period in which offers or sales are being made, a
post-effective amendment to this Registration Statement:
(i) To include any prospectus required by section 10(a)(3) of the
Securities Act of 1933;
(ii) To reflect in the prospectus any facts or events arising after the
effective date of the Registration Statement (or the most recent post-effective
amendment thereof) which, individually or in the aggregate, represent a
fundamental change in the information set forth in the Registration Statement.
Notwithstanding the foregoing, any increase or decrease in volume of securities
offered (if the total dollar value of securities offered would not exceed that
which was registered) and any deviation from the low or high end of the
estimated maximum offering range may be reflected in the form of prospectus
filed with the Securities and Exchange Commission pursuant to Rule 424(b) if,
in the aggregate, the changes in volume and price represent no more than a 20%
change in the maximum aggregate offering price set forth in the "Calculation of
Registration Fee" table in the effective Registration Statement.
(iii) To include any material information with respect to the plan of
distribution not previously disclosed in the Registration Statement or any
material change to such information in the Registration Statement;
provided, however, that paragraphs (i) and (ii) do not apply if the information
required to be included in a post-effective amendment by those paragraphs is
contained in periodic reports filed with or furnished to the SEC by the
Registrant pursuant to Section 13 or 15(d) of the Exchange Act that are
incorporated by reference in this Registration Statement.
(2)  That, for the purpose of determining any liability under the
Securities Act of 1933, as amended (the "
Securities
Act
"), each such
post-effective amendment shall be deemed to be a new
-6-
registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof.
(3)  To remove from registration by means of a post-effective amendment any
of the securities being registered which remain unsold at the termination of
the offering.
(4)  For purposes of determining any liability under the Securities Act,
each filing of the Registrant's annual report pursuant to Section 13(a) or
15(d) of the Exchange Act (and, where applicable, each filing of an employee
benefit plan's annual report pursuant to Section 15(d) of the Exchange Act)
that is incorporated by reference in this Registration Statement shall be
deemed to be a new registration statement relating to the securities offered
therein, and the offering of such securities at that time shall be deemed to be
the initial bona fide offering thereof.
(5)  Insofar as indemnification for liabilities arising under the
Securities Act may be permitted to directors, officers and controlling persons
of the Registrant pursuant to the foregoing provisions, or otherwise, the
Registrant has been advised that in the opinion of the Securities and Exchange
Commission such indemnification is against public policy as expressed in the
Securities Act and is, therefore, unenforceable. In the event that a claim for
indemnification against such liabilities (other than the payment by the
Registrant of expenses incurred or paid by a director, officer or controlling
person in the successful defense of any action, suit or proceeding) is asserted
by such director, officer or controlling person in connection with the
securities being registered, the Registrant will, unless in the opinion of
their counsel the matter has been settled by controlling precedent, submit to a
court of appropriate jurisdiction the question whether such indemnification is
against public policy as expressed in the Securities Act and will be governed
by the final adjudication of such issue.
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended,
the Registrant certifies that it has reasonable grounds to believe that it
meets all of the requirements for filing on Form S-8 and has duly caused this
Registration Statement to be signed on its behalf by the undersigned, thereunto
duly authorized, in the City of Reston, State of Virginia, on this 12th day of
November, 2002.
NII HOLDINGS, INC.
By:
/s/ Steven M. Shindler
Name: Steven M. Shindler
Title: Chief Executive Officer
POWER OF ATTORNEY AND SIGNATURES
Each person whose signature appears below hereby appoints Steven M.
Shindler and Byron R. Siliezar, and each of them severally, his/her true and
lawful attorney-in-fact with the authority to execute in the name of each such
person, and to file with the Securities and Exchange Commission, together with
any exhibits thereto and other documents therewith, any and all amendments
(including without limitation post-effective amendments) to this Registration
Statement on Form S-8 necessary or advisable to enable the Registrant to comply
with the Securities Act of 1933, as amended, and any rules, regulations, and
requirements of the Securities and Exchange Commission in respect thereof,
which amendments may make such other changes in the Registration Statement as
the aforesaid attorney-in-fact executing the same deems appropriate.
Pursuant to the requirements of the Securities Act of 1933, as amended,
this Registration Statement has been signed by the following persons in the
capacities and on the dates indicated.
Signature
Title
Date
/s/ Steven M. Shindler
Steven M. Shindler
Chief Executive Officer,
Director and Chairman of the
Board of Directors (Principal
Executive Officer)
November
12, 2002
/s/ Byron R. Siliezar
Byron R. Siliezar
Vice President and Chief
Financial Officer (Principal
Financial Officer)
November 12, 2002
/s/ Ricardo Israele
Ricardo Israele
Vice President and Controller
(Principal Accounting Officer)
November 12, 2002
/s/ Timothy M. Donahue
Timothy M. Donahue
Director
November 12, 2002
/s/ Steven P. Dussek
Steven P. Dussek
Director
November 12, 2002
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/s/ Neal P. Goldman
Neal P. Goldman
Director
November
12, 2002
/s/ Carolyn Katz
Carolyn Katz
Director
November 12, 2002
/s/ Donald E. Morgan
Donald E. Morgan
Director
November 12, 2002
/s/ John W. Risner
John W. Risner
Director
November 12, 2002
/s/ John T. Stupka
John T. Stupka
Director
November 12, 2002
/s/ Fred Wright
Fred Wright
Director
November 12, 2002
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Exhibit Index
Exhibit Number
Description of Exhibits
2.1
Revised Third Amended Joint Plan of Reorganization of the Registrant (incorporated by
reference to Exhibit 2.1 to the Registrant's Current Report on Form 8-K, filed on November 12, 2002, File No.
000-32421).
2.2
Revised Second Amended Disclosure Statement Pursuant to Section
1125 of the Bankruptcy Code for the Revised Third Amended Joint
Plan of Reorganization (incorporated by reference to Exhibit 99.1
to the Registrant's Current Report on Form 8-K, filed on August 9,
2002, File No.
000-32421).
2.3
Order of the Bankruptcy Court, dated October 28, 2002, confirming
the Registrant's Revised Third Amended Joint Plan of
Reorganization (incorporated by reference to Exhibit 2.3
to the Registrant's Current Report on Form 8-K, filed on November 12, 2002, File No.
000-32421).
3.1
Restated Certificate of Incorporation of the Registrant (incorporated by reference to Exhibit 3.1 to the Registrant's Current Report on Form 8-K, filed on November 12, 2002, File No.
000-32421).
3.2
Amended and Restated Bylaws of the Registrant (incorporated by reference to Exhibit 3.2 to the Registrant's Current Report on Form 8-K, filed on November 12, 2002, File No.
000-32421).
5.1
Opinion of Bingham McCutchen LLP (filed herewith).
23.1
Consent of Deloitte & Touche LLP (filed herewith).
23.2
Consent of Bingham McCutchen LLP (included in the opinion filed as
Exhibit 5.1 hereto).
24.1
Powers of Attorney (included in the signature page of this
Registration Statement).
99.1
2002 Management Incentive Plan (filed herewith).
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