Shearman & Sterling represented Morgan Stanley and J.P. Morgan in connection with a Rule 144A/Regulation S offering of $800 million of senior notes due 2016 of NII Capital Corp. The notes are guaranteed by NII Holdings, Inc., the parent company of the issuer, and all the domestic subsidiaries of NII Holdings. NII Holdings provides wireless communication services under the Nextel brand through operating companies located in selected Latin American markets.

The following Shearman & Sterling attorneys advised the underwriters in the transaction: partners Andrew Schleider (New York-Capital Markets) and Laurence Bambino (New York-Tax); counsel John Berkery (New York-Capital Markets); and associates Damien Grierson (New York-Capital Markets), Douglas Jones (NY-TX), Sheila Lavu New York-Capital Markets), Felipe Camara New York-Capital Markets) and Rocio Balestra (New York-Capital Markets).