LightSquared, a wholesale carrier building a US wireless broadband network, has named telecommunications veteran Marc Montagner as chief financial officer (CFO). In this role, Montagner will report to Sanjiv Ahuja, LightSquared’s chairman and chief executive officer (CEO), 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 (EVP), 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.
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 specialising 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 (M&A) group of Banc of America Securities, where he advised a number of companies during acquisitions.
Montagner was also senior vice president (SVP), corporate development and M&As for Sprint Nextel, where he was responsible for all M&A activities for the company, including the US$70bn merger between Sprint and Nextel. Prior to this, 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.
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