NewSouth Communications Names Akerhielm President and Chief Executive Officer

Swamp Fox

NewSouth Communications Names Akerhielm President and Chief Executive Officer

Highly Experienced Telecommunications Industry Executive Focused on Driving
Value in NewSouth's Markets

GREENVILLE, S.C., April 24 /PRNewswire Interactive News Release/ --
NewSouth Communications Corp., a leading broadband Integrated
Communications Provider (ICP) in the South, today announced the appointment of
James W. Akerhielm as President and Chief Executive Officer, effective
immediately. With over 15 years of experience, Akerhielm is widely known in
the telecommunications industry for his strategic development and leadership
skills.
Akerhielm's objective is to leverage NewSouth's strong foundation and
rapidly accelerate the company's growth in the high-potential Southern markets
in which it operates and further establish NewSouth as a profitable leader in
the ICP industry. In March 2001, the company completed an $85 million round
of financing provided by the existing investors, led by KKR.
Prior to joining NewSouth, Akerhielm served as President & CEO of Triton
Cellular Partners, LP from 1998 to 2000. At Triton, he successfully built the
company into the 15th largest cellular carrier in the US, driving annual
revenue from zero to over $170 million in less than two years. Triton was
sold in 2000 for $1.25 billion.
Akerhielm began his career in local telecommunications services at Bell
Atlantic Corporation where he worked in a variety of engineering, sales, and
operations positions. Recognizing the growth potential in wireless
telecommunication services, he moved to Bell Atlantic Mobile Systems in 1993
where he ultimately served as the company's Regional Vice President of the
Southeast Region from 1995 to 1998. At Bell Atlantic Mobile, now Verizon
Wireless, he managed $300 million of annual revenue and over 500,000
customers.
"I am delighted to be joining NewSouth Communications at this point in the
company's development. Since its founding, the NewSouth team has made
enormous strides in executing its mission of being the dominant ICP in the
South by building out its network, expanding its data, Internet, and voice
products, and focusing on superior customer care. Moreover, the company is
fully capitalized to build on this success due to the recently completed
fundraising, which reflects the clear confidence of our investors in
NewSouth's future," said James W. Akerhielm, President & CEO.
James H. Greene, Jr., member of Kohlberg Kravis Roberts & Co. (KKR) and a
director of NewSouth, said, "Jim is the ideal person to lead NewSouth into the
future. His career accomplishments demonstrate a strong ability to create
value in the dynamic telecommunications industry. We are confident that Jim's
experience will allow NewSouth to maximize its potential and achieve strong
financial results."
Scott B. Perper, Managing Partner of First Union Capital Partners and a
director of NewSouth, said, "As investors in Triton Cellular, we can attest to
Jim's abilities to build a world-class telecom company. We are indeed
fortunate to have been able to attract an executive of Jim's caliber to
NewSouth."
KKR initially invested in NewSouth in July 2000, and participated in its
February 2001 round of financing. First Union Capital Partners has been an
investor in NewSouth since 1998.
Akerhielm graduated from Lafayette College with a BS in Mechanical
Engineering. He earned his MS in the Management of Technology from the
University of Pennsylvania. For additional biographical details or
information on Akerhielm, please visit the corporate web site at
http://www.newsouth.com.

About NewSouth Communications:
NewSouth Communications is a privately held broadband ICP serving business
customers across the South. The company offers a comprehensive selection of
data, Internet, voice products, other advanced communications solutions, as
well as telecommunications equipment and cabling throughout the southern
United States, including the BellSouth, Sprint, and Verizon service regions.
NewSouth serves customers in Florida, South Carolina, Tennessee, North
Carolina, Georgia, Alabama, Kentucky, Mississippi, and Louisiana.
For more information on NewSouth Communications, visit the company's web site
at http://www.newsouth.com.

SOURCE NewSouth Communications Corp.
Web Site: http://www.newsouth.com

See 11349 other posts submitted by John Warner. Find articles, people, and videos related to: General Archives