Kurt van wagenen fibertower bankruptcy

kurt van wagenen fibertower bankruptcy

Declaration re: Kurt Van Wagenen In Support of Chapter 11 Petition and First Day Motions filed by Debtor FiberTower Network Services Corp. (RE: related document(s) 1 Voluntary petition (chapter 11)). (Brookner, Jason) Jul 17, 3. 1 in the united states bankruptcy court for the northern district of texas fort worth division in re: § fibertower network services corp., § et al., § debtors. § § chapter 11 fibertower network services corp., § et al., § debtors. § case nodml § jointly administered v. § federal communications commission, § adversary no defendant. §. Judge Michael Lynn of the United States Bankruptcy Court for the Northern District of Texas (the “Texas Bankruptcy Court”) recently enjoined the Federal Communications Commission (the “FCC”) from terminating approximately wireless spectrum licenses held by Chapter 11 debtor FiberTower Networks, Inc. (“FiberTower”). 1 Under the preliminary injunction, FiberTower’s license may Author: Stephen B. Selbst. kurt van wagenen fibertower bankruptcy

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Ladies and gentlemen, thank you for standing by. Welcome to the FiberTower third quarter results conference call. During today's presentation, all parties will be in a listen-only mode. Following the presentation, the conference will be opened for questions. Operator instructions This conference is being recorded today, Friday, November 5th of Thank you, inaudible. Good morning everyone. Thank you for joining us for the FiberTower Corporation's third quarter conference call. Today, Kurt will open with an overview of the quarter, Tom will follow with the financial details and then Kurt will conclude with closing remarks and open the call for questions.

Before we get underway, let me inform you that FiberTower issued a press release yesterday after market closed, which provides the details of the company's quarterly financial and operating results. The company also prepared a slide presentation for today's quarterly earnings conference call. If you are not logged into the webcast and would like to view the slide presentation, you may do so at the Events and Presentations page in the Investors section of the company's website at www.

A telephone replay will be available until midnight Pacific Time on November 10th by dialing or and entering pass code A webcast replay will also be made available at FiberTower's web address for 90 days.

Please note the information recorded on this call speaks only as of today, November 5, , and therefore you are advised that time-sensitive information may no longer be accurate at the time of any replay. Before we begin, I will review a Safe Harbor statement which can be found on slide two of the presentation. Management's comments today will contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of Information about the potential factors that could affect the company's financial results is available in the risk factors as updated in the company's SEC filings.

Also please note the company uses some metrics, not in accordance with the Generally Accepted Accounting Principles commonly known as GAAP to monitor the financial performance of operations. Non-GAAP financial measures should be viewed in addition to and not as an alternative for the reported financial results as determined in accordance with GAAP. Adjusted EBITDA is defined as net income or loss from operations before, interest, taxes, depreciation and amortization, impairment and restructuring charges, stock based compensation, gain on early extinguishment of debt, debt exchange expenses and other income or expense.

Reconciliations can be found at the end of the presentation. As a reminder, you may access the slide presentation today at the Events and Presentations page in the Investors section of the company's website at www. Please go ahead, Kurt. Thank you, Kirsten. We reported very good results for the second quarter, including accelerating top-line revenue growth, a significant improvement in adjusted EBITDA, continued strong booking and renewed network expansion, all of which validates we are executing well on the company objectives we established for In addition, I am pleased to report this morning that the company achieved a significant financial milestone in July by being adjusted EBITDA positive at the corporate level.

As discussed on previous calls, this was a primary objective for us in and it is notable that we accomplish this objective at front end of our projected timeline which was no later than the third quarter. Our revenue growth was strong in Q2. We expect revenue to ramp further in the second half of the year as we continue to turn up business booked in the first half of the year.

We also delivered network growth for the first time in several quarters with our deployed sites count increasing to 3, sites from 3, in the first quarter and our billing customer locations growing to 6, locations in the second quarter from in the first quarter. Our sales momentum continued to be robust in the second quarter as we posted some of the highest sales bookings we have seen in the company's history.

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