Employment Agreement for Steven M. Shindler

Steven M. Shindler (“ Chairman ”) and NII Holdings, Inc. (the “ Company ”).

A period of one year commencing on July 1, 2009, renewable by the mutual agreement of Chairman and the Company’s board of directors (the “ Board ”) for successive one year periods thereafter, with the parties agreeing to provide at least 90 days’ notice of any proposed nonrenewal.

During the employment term, Chairman shall serve as executive chairman of the Board and continue to be an employee of the Company. In addition to performing his duties as Chairman of the Board, Chairman will make himself reasonably accessible to the CEO, Company investors, Company management, Company customers and partners on an as-needed basis, or as reasonably requested by the Board. Chairman’s time commitment will be subject to mutual agreement between Chairman and the Board, provided that the time commitment will permit Chairman to engage in other noncompetitive business ventures.

The employment term shall automatically terminate during the initial term or any renewal term upon Chairman’s voluntary resignation as a member of the Board.

Additionally, the Company may terminate the Employment Agreement “for cause,” which shall be defined as: (i) Chairman’s engaging in conduct that is demonstrably and materially injurious to the Company, monetarily or otherwise, and willful disloyalty or deliberate dishonesty or the commission by Chairman of an act of fraud or embezzlement against the Company; and (ii) Chairman’s conviction of a felony, or conviction of a misdemeanor in connection with the performance of Chairman’s obligations to the Company and that otherwise materially and adversely affects Chairman’s ability to perform such obligations.

     a) Salary: $250,000 per year.

     b) Other Compensation and Benefits . Chairman shall be entitled to all benefits currently made available to the Company’s senior executive employees (with company payments comparable to those for the other senior executive employees), including continued participation in the Company’s group health insurance plan during the employment term. Chairman shall also be reimbursed for reasonable travel and other expenses (in a manner commensurate with past practices) incurred in performing his responsibilities, including travel from his home in Connecticut.

     During the employment term, Chairman shall be entitled to receive non-cash compensation at a level at least equal to that granted to non-employee Board members for their service on the Board. Chairman will also be reimbursed his travel and other expenses rel