LightSquared Names Marc Montagner Chief Financial Officer

RESTON, Va., Jan. 3, 2012 /PRNewswire/ -- LightSquared, a wholesale carrier building a nationwide wireless broadband network that will create consumer choice and drive industry innovation, today announced the appointment of telecommunications veteran Marc Montagner as chief financial officer. 

In this role, Montagner will report to Sanjiv Ahuja, LightSquared's chairman and chief executive officer, and will be responsible for the company's daily financial operations and will oversee investor and bondholder relations.

Montagner will also leverage his experience as executive vice president, sales, marketing and strategy for SkyTerra, LightSquared's predecessor company, where he worked on the regulatory, technical and business issues associated with re-purposing SkyTerra's satellite spectrum for terrestrial use. His nearly 25 years of experience also includes working for companies such as France Telecom, Morgan Stanley, Sprint Nextel and Banc of America Securities.

"Marc brings with him deep experience in financial and corporate development for the wireless communications sector, as well as extensive knowledge of LightSquared, and we're thrilled that he will be joining our management team," said Ahuja. "His proven track record will be tremendously helpful as we advance our plan to bring world-class wireless broadband service to 260 million Americans."

Prior to joining LightSquared, in addition to his role at SkyTerra, Montagner was managing partner of Dupont Circle Partners, a mergers and acquisitions advisory firm specializing in the media, technology and telecommunications industries. Previously, he was managing director and co-head of the Global Telecom, Media and Technology Merger and Acquisition Group of Banc of America Securities where he advised a number of companies during acquisitions.

Montagner was also senior vice president, corporate development and mergers and acquisitions for Sprint Nextel Corporation, where he was responsible for all M&A activities for the company, including the $70 billion merger between Sprint and Nextel. Prior to Sprint Nextel, Montagner was a managing director in the Telecom and Media Group at Morgan Stanley. Montagner started his career in the telecom industry at France Telecom.

"I'm looking forward to harnessing my experience in finance and corporate development as LightSquared aims to revolutionize the wireless landscape," said Montagner. "With more than 30 wholesale customer agreements in place, and even more to come, the company is on the way to fulfilling its vision of high-speed wireless connectivity for all, and I'm proud to help LightSquared achieve that goal."

About LightSquared
LightSquared's mission is to revolutionize the U.S. wireless industry. With the creation of the first-ever, wholesale-only nationwide 4G-LTE network integrated with satellite coverage, LightSquared offers people the speed, value and reliability of universal connectivity, wherever they are in the United States. As a wholesale-only operator, LightSquared will deploy an open 4G wireless broadband network to be used by existing and new service providers to sell their own devices, applications and services – at a competitive cost and without retail competition from LightSquared. The deployment and operation of LightSquared's network represent more than $14 billion of private investment over the next eight years. For more information about LightSquared, please go to www.LightSquared.com, www.facebook.com/LightSquared and www.twitter.com/LightSquared.

Forward Looking Statement
This release contains forward-looking statements and information regarding LightSquared and its business. Such statements are based on the current expectations and certain assumptions of LightSquared's management and are, therefore, subject to certain risks and uncertainties. The forward-looking statements expressed herein relate only to information as of the date of this release. LightSquared has no obligation to update these forward-looking statements to reflect events or circumstances after the date of this release, nor is there any assurance that the plans or strategies discussed in this release will not change.

SOURCE LightSquared