CHARLOTTE, N.C., Feb. 28, 2017 /PRNewswire/ -- Conterra Ultra Broadband Holdings, Inc. today announced that fiber industry veteran Michael Hurley is joining the company to serve on its Board of Directors.
Mr. Hurley was a member of the founding team at Fibertech Networks where he was Senior Vice President of Sales and Marketing with responsibility for the company's carrier and enterprise sales/revenue growth from its inception in 2000 through Fibertech's merger with Lightower in 2015. After the merger, Mr. Hurley served as Lightower's President, Wholesale Solutions & Rochester Region, until February 2016. He now owns and operates a telecommunication advisory firm. Prior to co-founding Fibertech, Mr. Hurley held various sales positions at MCI, Frontier Corporation and New England Telephone.
During his tenure at Fibertech, Mr. Hurley built a sales organization that sold contracts with total revenue value of more than $2.5 billion. Fibertech was an industry leader in both revenue growth and operating margins and received recognition as the top sales organization in its industry each year from 2007–2014.
"We are very fortunate to have someone of Mike's exceptional fiber industry experience and reputation supporting our Conterra ownership and management team at a key point in our business evolution," commented Conterra's Chief Executive Officer, Stephen Leeolou. "Mike has successfully managed through many of the same exciting opportunities we see ahead for our business. We expect his insights and expertise to be extremely beneficial to us going forward," added Mr. Leeolou.
Conterra is one of the largest remaining independent broadband infrastructure companies in the United States based on its fiber assets and revenues. The company is majority owned by Court Square Capital, a private investment firm with approximately $5 billion under management, with the remaining ownership largely held by Conterra's management team. The company's other institutional financial partners include Toronto Dominion Bank, Bank of America, CoBank, ING Capital and Antares.
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SOURCE Conterra Ultra Broadband Holdings, Inc.