NextWave Telecom Fills Key Executive Posts; Moving to Provide PCS for 100 million Americans.SAN DIEGO--(BUSINESS WIRE)--June 6, 1996--NextWave Telecom today announced that it has filled several key executive posts. Named were Gene Welsh as senior vice president, finance; Ray Dolan as senior vice president, marketing; Rajendra (Raju) Patel, senior vice president, network systems; and H. Brooks Dexter, vice president, corporate development. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Allen Salmasi, NextWave chairman and chief executive officer, the company is adding staff to support the buildout of a wireless Personal Communications Services See PCS. (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. ) system in 56 markets for 100 million Americans across the country, including 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 , Los Angeles, and Washington, D.C. "We are very pleased with the caliber of people that have joined our management team," said Salmasi. "Their experience, accomplishments and abilities in the telecommunications industry will be important in helping NextWave meet its goals." Gene Welsh joins NextWave after five years as vice president/ chief financial officer of Los Angeles Cellular Telephone Company, one of the premier cellular carriers in the country with approximately $750 million in annual revenues. Welsh also held vice president and chief financial officer positions for both First Cellular Acquisition Corporation and Cellular One. Ray Dolan has ten years experience in marketing, engineering and operations with cellular carriers. Prior to joining NextWave, he served as executive vice president of marketing for Bell Atlantic NYNEX NYNEX New York-New England & X for the Unknown (Telephone Company) NYNEX New York Network Exchange Mobile. Before that, Dolan served in senior marketing and technical positions at NYNEX Mobile and PacTel Cellular. Raju Patel brings to NextWave over 25 years experience in management and business development in the telecommunications industry. Prior to joining the company, Patel served as senior vice president and general manager of the Wireless Networks Division of Hughes The Division of Hughes is an Australian Electoral Division in New South Wales. The division was created in 1955 and is named for Billy Hughes, who was Prime Minister of Australia 1915-23. Network Systems. Before that, he served as chairman and chief executive officer of Network Access Corporation and vice president of marketing/sales and technology for the Integrated Carrier Systems Division of Northern Telecom Inc. Brooks Dexter was managing director and senior vice president of Lehman Brothers in Los Angeles before coming to NextWave. With 15 years experience in investment banking, Dexter has also held financial analyst positions at Shearson/American Express in Los Angeles and First Boston in New York. NextWave Telecom Inc. (http://www.nextwavetel.com) is the parent company of two wholly-owned subsidiaries: NextWave PCI (1) (Payment Card Industry) See PCI DSS. (2) (Peripheral Component Interconnect) The most widely used I/O bus (peripheral bus). and TELE*code Inc. NextWave PCI plans to construct facilities, deploy PCS network equipment, and provide wholesale PCS in conjunction with its strategic partners. TELE*code was formed to provide CDMA-based products and engineering services through the development of products such as application specific servers for wireless networks and the provision of specialized radio network design services and performance optimization software tools. TELE*code provides these services to major wireless service providers utilizing CDMA (Code Division Multiple Access) A method for transmitting simultaneous signals over a shared portion of the spectrum. The foremost application of CDMA is the digital cellular phone technology from QUALCOMM that operates in the 800 MHz band and 1.9 GHz PCS band. technology. NextWave is a privately held corporation Noun 1. privately held corporation - a corporation owned by a few people; shares have no public market close corporation, closed corporation, private corporation with headquarters in San Diego and offices in New York, Washington, D.C., Boston, Dallas, Philadelphia, and Seoul, Korea. CONTACT: Greg McQuerter, 619/450-0030 or Kevin Christiano, 202/371-2784 |
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