13D Filing: Aurelius Capital Management and NII Holdings Inc (NIHD)

This Amendment No. 4 amends the statement
on Schedule 13D originally filed with the Securities and Exchange Commission (the “SEC”) on July 6, 2015 (the
“Original Schedule 13D”, as amended, the “Schedule 13D”) with respect to the common stock,
$0.001 par value (the “Common Stock”), of NII Holdings, Inc. a Delaware corporation (the “Issuer”).
Capitalized terms used herein and not otherwise defined in this Amendment have the meanings set forth in the Original Schedule
13D. This Amendment No. 4 amends Item 5(a)-(c) and (e) as set forth below.

Items 5(a)-(c) and (e) of Item 5 of the
Schedule 13D are hereby amended and restated in their entirety as follows:

(a),(b) As of the close of business on
the date hereof, the Reporting Persons no longer may be deemed to beneficially own any shares of Common Stock.

(c) Information concerning transactions
in the Common Stock by the Reporting Persons effected since the filing of Amendment No. 3 to the Schedule 13D is set forth in Annex
I hereto and is incorporated herein by reference.

(e) The Reporting Persons ceased to be the beneficial
owners of more than five percent of the Common Stock as of December 21, 2017.