EX-12.1 3 w41460exv12w1.htm EXHIBIT 12.1 exv12w1
 

Exhibit 12.1
NII HOLDINGS, INC.
STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS
TO FIXED CHARGES
(dollars in thousands)
                 
    Three Months Ended
    September 30,
    2007   2006
 
                
Income from continuing operations before income tax
   $ 124,951     $ 96,213  
 
                
Add:
                
Fixed charges
     46,958       34,726  
Amortization of capitalized interest
     1,327       893  
 
                
Less:
                
Interest capitalized
     1,080       3,289  
Equity in (losses) gains of unconsolidated affiliates
     —       —  
Losses attributable to minority interests
     —       —  
     
Earnings as adjusted
   $ 172,156     $ 128,543  
     
 
                
Fixed charges:
                
Interest expense on indebtedness (including amortization of debt expense and discount)
   $ 35,610     $ 23,656  
Interest capitalized
     1,080       3,289  
Portion of rent expense representative of interest (30%)
     10,268       7,781  
     
Fixed charges
   $ 46,958     $ 34,726  
     
 
                
Ratio of earnings to fixed charges
     3.67       3.70  
     
 
                
Deficiency of earnings to cover fixed charges
   $ —     $ —