Exhibit 12.1
NII HOLDINGS, INC.
STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS
TO FIXED CHARGES
(dollars in thousands)
| Three Months Ended | ||||||||
| September 30, | ||||||||
| 2004 | 2003 | |||||||
| Restated | Restated | |||||||
| Income from continuing operations before income tax | $ | 47,930 | $ | 45,404 | ||||
| Add: | ||||||||
| Fixed charges | 16,687 | 23,580 | ||||||
| Amortization of capitalized interest | 1,718 | 1,488 | ||||||
| Less: | ||||||||
| Interest capitalized | 611 | 1,445 | ||||||
| Equity in (losses) gains of unconsolidated affiliates | — | — | ||||||
| Losses attributable to minority interests | — | — | ||||||
| Earnings as adjusted | $ | 65,724 | $ | 69,027 | ||||
| Fixed charges: | ||||||||
| Interest expense on indebtedness (including amortization of debt expense and discount) | $ | 11,586 | $ | 18,284 | ||||
| Interest capitalized | 611 | 1,445 | ||||||
| Portion of rent expense representative of interest (30%) | 4,490 | 3,851 | ||||||
| Fixed charges | $ | 16,687 | $ | 23,580 | ||||
| Ratio of earnings to fixed charges | 3.94 | 2.93 | ||||||
| Deficiency of earnings to cover fixed charges | $ | — | $ | — | ||||