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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
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(Check One):
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þ Form 10-K
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o Form 20-F
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o Form 11-K |
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o Form 10-Q
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o Form N-SAR
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o Form N-CSR |
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For Period Ended: December 31, 2005 |
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o Transition Report on Form 10-K |
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o Transition Report on Form 20-F |
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o Transition Report on Form 11-K |
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o Transition Report on Form 10-Q |
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o Transition Report on Form N-SAR |
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For the Transition Period Ended: n/a |
Read Instruction (on back page) Before Preparing Form. Please Print or Type.
Nothing in this form shall be construed to imply that the Commission has verified any information
contained herein.
If the notification relates to a portion of the filing checked above, identify the Item(s) to which
the notification relates: n/a
PART I REGISTRANT INFORMATION
NII HOLDINGS, INC.
Full Name of Registrant
n/a
Former Name if Applicable
10700 Parkridge Boulevard, Suite 600
Address of Principal Executive Office (Street and Number)
Reston, Virginia 20191
City, State and Zip Code
PART II RULES 12b-25(b) AND (c)
If the subject report could not be filed without unreasonable effort or expense and the registrant
seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if
appropriate.)
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(a)
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The reason described in reasonable detail in Part III of this form
could not be eliminated without unreasonable effort or expense; |
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(b)
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The subject annual report, semi-annual report, transition report
on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, or
portion thereof, will be filed on or before the fifteenth calendar day
following the prescribed due date; or the subject quarterly report or
transition report on Form 10-Q, or portion thereof, will be filed on
or before the fifth calendar day following the prescribed due date;
and |
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(c)
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The accountants statement or other exhibit required by Rule
12b-25(c) has been attached if applicable. |
PART III NARRATIVE
State below in reasonable detail why Forms 10-K, 11-K, 20-F, 10-Q, N-SAR, N-CSR, or the transition
report or portion thereof, could not be filed within the prescribed time period.
(Attach extra sheets if needed.)
Although the management of the Company has been working diligently to complete all
of the required information for its annual report on Form 10-K for the year ended
December 31, 2005, and a substantial part of such information has been completed as
of this date, management is unable, without unreasonable effort or expense, to
complete the financial statements, the report on internal control over financial
reporting, and other disclosures for the Form 10-K on or before March 16, 2006. The
Company expects that there will be no material changes to the results that it has
previously reported. The delays in the filing are primarily related to completing
the preparation and review of the income tax provision, related balance sheet
accounts and note disclosures. Management expects to file its annual report on Form
10-K on or before March 31, 2006.
While the Companys evaluation of internal control over financial reporting as of
December 31, 2005, will not be completed until such time as the Form 10-K is filed,
the Companys management previously reported and will continue to report as of December 31, 2005 a material
weakness in the area of income tax accounting. The previously reported material
weakness related to account reconciliations at the Companys Mexican subsidiary has
been remediated. As a result of the material weakness identified, the Companys
management will conclude that the Companys internal control over financial
reporting was not effective at December 31, 2005.
PART IV OTHER INFORMATION
(1) |
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Name and telephone number of person to contact in regard to this notification |
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Robert J. Gilker
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703
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390-5100 |
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(Name)
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(Area Code)
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(Telephone Number) |
(2) |
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Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange
Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months
or for such shorter period that the registrant was required to file such report(s) been filed?
If the answer is no, identify report(s). |
þ Yes o No
(3) |
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Is it anticipated that any significant change in results of operations from the corresponding
period for the last fiscal year will be reflected by the earnings statements to be included in
the subject report or portion thereof? |
þ Yes o No
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If so: attach an explanation of the anticipated change, both narratively and
quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the
results cannot be made. |
(3) We are still in the process of finalizing the results of operations as of and for the year ended
December 31, 2005. As we previously disclosed in an earnings press release in a Current Report
on Form 8-K dated February 23, 2006, however, our results of operations will reflect increases in
operating revenues and operating expenses, both primarily due to the addition of subscribers to our
network. In addition, as we have previously disclosed, our results of operations for 2005 will reflect
increases in other income and expenses and increases in net income and net income per share, all
primarily due to the growth of our subscribers and related revenues. Last year, our net
income and net income per share included a loss of $79.3 million from the early retirement in March
2004 of substantially all of our $180.8 million aggregate principal amount 13.0% senior secured
discount notes due 2009. We did not incur a loss on the retirement of debt in 2005.
NII HOLDINGS, INC.
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned hereunto duly
authorized.
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Date: March 16, 2005 |
By: |
/s/ Robert J. Gilker
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Robert J. Gilker |
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Vice President and General Counsel |
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Instruction. The form may be signed by an executive officer of the registrant or by any other duly
authorized representative. The name and title of the person signing the form shall be typed or
printed beneath the signature. If the statement is signed on behalf of the registrant by an
authorized representative (other than an executive officer), evidence of the representatives
authority to sign on behalf of the registrant shall be filed with the form.
ATTENTION
Intentional misstatements or omissions of fact constitute Federal criminal violations (see 18
U.S.C. 1001).