NII repurchases all $318.7 million 2.75% convertibles in third quarter

By Melissa Kory

Cleveland, Feb. 24 - NII Holdings, Inc.'s holders exercised a put option for $182.4 million of its 2.75% convertible notes during the third quarter of 2010, according to a 10-K filed with the Securities and Exchange Commission.

NII redeemed the remaining $136.3 million of the convertibles outstanding in the third quarter.

In the second quarter, the company repurchased $31.4 million of the notes.

Based in Reston, Va., NII is a wireless communications company.

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