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Convergence Communications, Inc., Selects Douglas K. Jacobs as its Chief Executive Officer.

Business/Technology Editors


Completes Senior Management Team at Company,

a U.S. Provider of High-Speed Broadband Services to Latin America

Convergence Communications, Inc. (CCI), a pan-regional facilities-based operator of broadband telecommunications networks in Latin America, announced today that it has named Douglas K. Jacobs as Chief Executive Officer, effective immediately. He replaces Lance D'Ambrosio, who remains Chairman of CCI.

Doug joins CCI from Alcatel (NYSE:ALA), where he served as Senior Vice President and Area 8 President of Alcatel USA, heading an area with annual sales in excess $4 billion and over 3,000 employees covering the US, Canada, Mexico and Japan. Prior to joining Alcatel, Doug was Senior Vice President and Chief Operating Officer of interWave Communications, a manufacturer of GSM micro-cellular network systems, where he was responsible for worldwide sales, service and operations.

Before that, Doug served in various sales and executive positions with DSC Communications, most recently as Senior Vice President of Worldwide Sales and Service, and previously as the Executive Vice President and Chief Operating Officer of DSC's Denmark subsidiary. Mr. Jacobs' telecommunications career began in 1967 with Western Electric, a division of AT&T. Mr. Jacobs spent 23 years with AT&T, rising to the position of AT&T Network Systems, Southwestern Region Vice President.

"We are very pleased to add Doug Jacobs to our senior management team as Chief Executive Officer," said Lance D'Ambrosio, Chairman. "As the company has evolved from a start-up to an operating company over the past year, growing from approximately 100 employees in five countries to over 700 employees in nine countries, we have recognized the need to expand and enhance our management team. With the addition of Doug to lead our team, we have completed that process."

Mr. D'Ambrosio continued, "Doug brings more than 30 years of experience in telecommunications sales and marketing, as well as hands-on knowledge of today's leading technology, which will allow the company to maintain its leadership role. Doug is a results-oriented leader who has proven his ability to drive sales in a highly competitive environment."

Doug Jacobs said, "I am very pleased to join Convergence Communications and to be part of a team that is a market leader building the first pan-regional, 'pure-IP' network in Latin America. CCI is uniquely positioned to take advantage of the combination of deregulating markets and explosive growth in data and Internet traffic. I am very excited to lead the company toward its vision of being the leading provider of broadband services in Latin America."

In addition to Mr. Jacobs the following people have joined CCI during 2000:

Thomas Burgos, Senior Vice President Technology & Network Operations - Tom joined CCI from Grupo Iusacell, the second largest wireless communications company in Mexico (a Bell Atlantic subsidiary) where he served most recently as Vice President and Chief Technology Officer. Mr. Burgos has over 30 years of telecom experience.

Tony J. Read, Chief Information Officer and Sr. Vice President, Information Technology - Tony joined CCI from Nortel Networks where he most recently served as Vice President of Information Services. Mr. Read has over 19 years of telecom and IT experience.

Maritza Escalona, Chief Executive Officer, Convergence Communications Venezuela - Prior to joining CCI, Maritza served as CEO of Tesam de Venezuela, a joint venture between Alcatel and France Telecom to operate Globalstar's Venezuelan operations. Ms. Escalona has over 15 years of telecom experience including CANTV, the incumbent telephone operator in Venezuela, and Telcel (a subsidiary of Bell South), the largest wireless communications provider in Venezuela.

Amaury Rivera, Vice President Strategic Sales and Marketing - Amaury joins CCI from Grupo Iusacell, the second largest wireless communications company in Mexico (a Bell Atlantic subsidiary), where he most recently served as Vice President of Marketing. Mr. Rivera has over 16 years of telecom experience.

Lance D'Ambrosio added, "One of the most significant accomplishments of the company during the past six months has been the addition of several industry leaders to our already strong management team. We are pleased to have Tom, Tony, Martiza, and Amaury join CCI and be an integral part of the team building the leading broadband provider in Latin America."

About Convergence Communications, Inc.:

Convergence Communications, Inc., founded in 1995, and based in Salt Lake City, UT, is a Latin American facilities-based, telecommunications company which owns and operates IP-based, broadband metropolitan area networks. The Company offers a "one-stop" menu of broadband connectivity, IP-telephony, high-speed Internet access, web-site hosting, virtual private networks and e-commerce services to businesses and consumers in Latin America. The Company has over 10,000 kilometers of fiber optic cable and provides first-mile broadband connections through a variety of delivery technologies including fiber optic cable, hybrid fiber coaxial cable and broadband fixed wireless connections. The Company serves over 47,000 customers and currently has operations in nine countries - Mexico, Guatemala, El Salvador, Costa Rica, Panama, Honduras, Nicaragua, Venezuela and the Dominican Republic. The Company's investors include TCW/ Latin America Partners, Telematica EDC, the FondElec Essential Services Growth Fund, the International Finance Corporation (a division of the World Bank), and Glacier Latin America. For more information, visit Convergence on the Internet:

The statements contained in this release that are not purely historical are forward-looking statements, as defined in section 21E of the Securities Exchange Act of 1934, and include the Company's beliefs, expectations or intentions regarding its future operations, acquisitions and financial condition. All forward-looking statements included in this release are made as of the date hereof and are based upon information available to the Company as of such date. The Company assumes no obligation to update any forward-looking statements. It is important to note that actual outcomes could differ materially from such forward-looking statements.
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Publication:Business Wire
Date:Aug 9, 2000
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