Centennial Cellular Corp. Announces Management Team.NEPTUNE Neptune, in Roman religion and mythology Neptune, in Roman religion and mythology, god of water. He was presumably an indigenous god of fertility, but in later times he was identified with the Greek Poseidon, god of the sea. , N.J.--(BUSINESS WIRE)--Jan. 12, 1999--Centennial Cellular Corporation ("Centennial") (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CYCL) announced a management team effective with the completion of the merger of CCW (Continuous Composite Write) A magneto-optic disk technology that emulates a WORM (Write Once Read Many) disk. It uses firmware in the drive to ensure that data cannot be erased and rewritten. Acquisition Corp., a company organized at the direction of Welsh, Carson, Anderson & Stowe, with and into Centennial on January 7, 1999. Michael J. Small joins Centennial as Chief Executive Officer and Peter W. Chehayl joins as Chief Financial Officer. Rudy J. Graf continues as President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . Philip H. Mayberry is promoted to President - Domestic Operations and Kari L. Jordan is promoted to President - Caribbean Operations. Also Edward G. Owen joins as Vice President - Corporate Development. "I am excited to join Centennial's existing management team, which is generating superior operating performance," said Michael Small. "Centennial's domestic rural cellular operations and its integrated communications services operation in Puerto Rico are well positioned to take advantage of the industry's strong growth trends." "I am very proud of the many accomplishments of our management team. The new executives will compliment our existing team's strengths," said Rudy Graf. "I am delighted to welcome our equity sponsors and the commitment they have made to Centennial's wireless communications services." Previously, Mr. Small was Chief Financial Officer for 360 Degree Communications Company and Mr. Chehayl was Vice President and Treasurer for 360 Degree Communications Company. Centennial is one of the largest independent wireless telecommunications service providers in the United States and Puerto Rico with approximately 10.8 million Net Pops. Centennial's domestic Rural Cellular operation has 5.8 million Net Pops and serves over 300,000 customers. Centennial de Puerto Rico, is a fully integrated provider of communications services in Puerto Rico. These operations utilize a PCS (1) (Personal Communications Services) Refers to wireless services that emerged after the U.S. government auctioned commercial licenses in 1994 and 1995. This radio spectrum in the 1. license that covers 3.8 million Pops in Puerto Rico and the U.S. Virgin Islands and a Competitive Local Exchange Carrier ("CLEC (Competitive Local Exchange Carrier) An organization offering local telephone service that is not one of the traditional telephone companies. The Telecommunications Act of 1996 allowed competition to the incumbent telcos (ILECs), enabling new companies (CLECs) ") license to operate in Puerto Rico. In addition, the company owns minority shares, representing approximately 1.2 million Net Pops in certain other cellular operations controlled and managed by other cellular operators. Welsh, Carson, Anderson & Stowe (WCAS WCAS Weinberg College of Arts and Sciences WCAS Warfighter Communication Assessment System (US DoD) ) and an affiliate of the Blackstone Group are the company's controlling shareholders. WCAS is a private investment firm based in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and founded in 1979. WCAS currently manages over $8 billion in private equity capital and focuses primarily on the information services and healthcare industries. |
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