Teligent Names Peter T. Garahan as Vice Chairman and Chief Financial Officer.Business Editors/Hi-Tech Writers VIENNA, Va.--(BUSINESS WIRE)--March 9, 2001 Teligent, a global leader in broadband communications, today named Peter T. Garahan as vice chairman and chief financial officer. Garahan brings over two decades of senior financial and operational leadership experience to Teligent. His extensive background includes senior financial executive positions at two publicly traded companies publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. , Intersolv and UNC (Universal Naming Convention) A standard for identifying servers, printers and other resources in a network, which originated in the Unix community. A UNC path uses double slashes or backslashes to precede the name of the computer. , Inc. Most recently, he served as 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. of the former Amteva Technologies Amteva Technologies was a pioneer in unified messaging using open standards. It was acquired by Cisco Systems in 1999. , Inc., a provider of IP-based voice-enhanced services An umbrella term for voice-activated functions that enable hands-free operation of a phone or computerized device. software. There he was key to driving the company's thirty-fold valuation increase before it was sold to Cisco Systems “Cisco” redirects here. For other uses, see Cisco (disambiguation). Cisco System,Inc. (NASDAQ: CSCO, HKSE: 4333 ) is an American multinational corporation with 54,000 employees and annual revenue of US $28.48 billion as of 2006. . "Peter has extensive knowledge of finance and operations, and significant experience executing effective business plans," said Teligent Chairman and Chief Executive Officer Alex J. Mandl Alex J. Mandl (b. 1943, in Austria) is a notable Austrian-American businessman, and currently Executive Chairman of smart card giant Gemalto. He has been named "One of America's Most Powerful Businessmen" by Forbes magazine. . "Peter will play a critical role in increasing our efficiency as a company. His skills and experience will enhance Teligent's ability to continue delivering superior last-mile broadband solutions to businesses globally." Over the past 18 years, Garahan has been instrumental to the growth and success of numerous technology and communications companies including Safe Software, Inc., Chartway Technologies, Inc., Medical Decision Systems, Mitchell International and the former Amteva Technologies. His executive responsibilities included chief operating officer, chief financial officer, president and chief executive officer. Garahan replaces John C. Wright who is leaving the company to pursue other business interests. "John provided strong accounting leadership to the company," Mandl added. "We thank John for his contributions and wish him well in his future endeavors." About Teligent Based in Vienna, Virginia Vienna is a town in Fairfax County, Virginia, United States. The population was 14,453 at the 2000 census and it has grown by about 3% since[1]. In July of 2005, CNN/Money and Money , Teligent, Inc. (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 :TGNT) is a global leader in broadband communications offering business customers local, long distance, high-speed data and dedicated Internet services over its digital SmartWave(TM) local networks in major markets throughout the United States. The company is working with international partners to extend its reach into Europe, Asia and Latin America. Teligent's offerings of regulated services are subject to all applicable regulatory and tariff approvals. For more information, visit the Teligent website at: www.teligent.com. Teligent is a registered trademark of Teligent, Inc. SmartWave is an exclusive trademark of Teligent, Inc. Except for any historical information, the matters discussed in this press release contain forward-looking statements that reflect the company's current views regarding future events. These forward-looking statements involve risks and uncertainties that could affect the company's growth, operations, markets, products and services. The company cannot be sure that any of its expectations will be realized. Factors that may cause actual results, performance or achievement to differ materially from those contemplated by its forward looking statements include, without limitation: 1) The negotiation and execution of the definitive agreements with respect to the company's international partnerships; 2) The receipt of all required approvals and consents from governmental authorities; 3) The success of the company and its partners in obtaining spectrum licenses in new markets; 4) The company's pace of entry into new markets; 5) The time and expense required to build the company's planned network and ISP (1) See in-system programmable. (2) (Internet Service Provider) An organization that provides access to the Internet. Connection to the user is provided via dial-up, ISDN, cable, DSL and T1/T3 lines. infrastructure; 6) The impact of changes in telecommunications laws and regulations; 7) General economic and competitive conditions; 8) Technological developments; 9) Other factors discussed in the company's filings with the Securities and Exchange Commission. |
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