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July 19, 2000
For Immediate Release
NEXTEL INTERNATIONAL ANNOUNCES PLANS FOR A $500 MILLION
PRIVATE PLACEMENT OF SENIOR NOTES
RESTON, Va., July 19, 2000 - Nextel International, Inc. announced today that it
is planning to issue $500 million of Senior Notes due 2010 in a private
placement. Nextel International intends to use the net proceeds it expects to
receive if the offering is completed to finance network expansion, acquisition
of additional spectrum, working capital needs, debt service requirements and/or
for other general corporate purposes.
The securities offered have not been and will not be registered under the
Securities Act of 1933 and may not be offered or sold in the United States
absent registration or an applicable exemption from registration requirements.
This news release shall not constitute an offer to sell or the solicitation of
an offer to buy these securities, nor shall there be any sale of these
securities in any jurisdiction where such offer, solicitation or jurisdiction
would be unlawful prior to registration or qualification under the securities
laws of such state. The statements in this news release regarding the timing of
the proposed offering and any other future aspects relating to the proposed
offering and other statements which are not historical facts are forward-looking
statements that involve risks and uncertainties, including, but not limited to,
market conditions and the price and market for the notes proposed to be offered.
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