Closing of Nextel Brazil transaction

24 July 2017 – AINMT Holdings AB (AINMT) has successfully closed all conditions to complete the $50 million investment for a 30% stake in Brazilian mobile telecommunications company Nextel Brazil.

Reference is made to AINMT’s announcement dated 6 June 2017 when AINMT and NII Holdings, Inc. (NII) announced that they have entered into an agreement to jointly own and operate Nextel Brazil, a wholly owned subsidiary of NII.

ENDS

For further information, please contact:

Investors

Johan Michelsen, Deputy CEO, AINMT Holdings AB, +47 410 87 000

Media

Endre Aaberg Johansen, Corporate Communications AS, tel: +47 41 61 06 05, email: endre.johansen@corpcom.no