LightSquared, a wholesale carrier developing a wireless broadband network, has appointed Marc Montagner, telecommunications veteran, as chief financial officer.
On this post, Montagner will report to Sanjiv Ahuja, chairman and chief executive officer of LightSquared. He will be responsible for the financial operations of the company at this post. Moreover, he will look at relations with investors and bondholders.
“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,” Ahuja said in a statement. “His proven track record will be tremendously helpful as we advance our plan to bring world-class wireless broadband service to 260 million Americans.”
Montagner previously worked as a managing partner of Dupont Circle Partners, a mergers and acquisitions advisory firm specializing in the media, technology and telecommunications industries. He also worked as 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. One his previous role was the head of merger-and-acquisition activities for Sprint, helping to usher in the $70 billion merger with Nextel back in 2005.
Montagner also worked as executive vice president of sales, marketing, and strategy at SkyTerra, LightSquared’s predecessor company.
“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.”