lJazztel is a leading telecommunications and data transmission carrier with its own infrastructure in Spain. The company offers broadband solutions for voice, data and Internet traffic geared towards residential and business markets. Throughout the seven
Massimo has been involved with DN Capital since 2001 as Chairman of the investment Committee, advising the team over capital allocation and organisation.
Massimo Prelz Oltramonti career in venture capital started in 1981 with Olivetti where he was involved in the tech investment program, out of Italy and then New York.After a period in operations he joined Alta Berkeley Associates in 1988 before moving to private equity as partner and then Managing Director of Advent International.
Since 2004 he is affiliated with GMT Communication Partners.
Massimo has served as Chairman of Jazztel plc through his restructuring and as Vice-Chairman of Primacom AG.He has also been a member of the board of SBS S.A.(Nasdaq), Esat telecom plc (Nasdaq), Esaote SpA (Milan Stock Exchange) and CityFibre Infrastructure Holding plc (AIM).He is now on the Board of Melita plc, Gigaclear plc and Electro Power System S.A.
For the last 23 years Massimo Prelz Oltramonti has been an active venture capital investor in telecommunications and media companies.Since 1998 he has completed over 24 venture capital investments within Europe and the US and has been a director of several public and private companies including Jazztel, SBS, ESAT Telecom and Kabelmedia.During this time he spent eight years as managing director for Europe at Advent International, building and positioning the firm's European presence in telecommunications and media.In 2004 he began working with GMT Communication.
The Audit Committee is comprised of Leo van Doorne and Massimo Oltramonti.
The Remuneration Committee is comprised of Massimo Oltramonti and Peter Manning.
Leo van Doorne will chair the Audit Committee and Massimo Oltramonti will chair the Remuneration Committee.
Mr Prelz is one of Europe's leading venture capital investors in Telecommunications and Media companies.He was previously Managing Director of Europe at Advent International, where he spent eight years building and positioning the firm's European presence in media and telecommunications, founding the Italian and French offices.Since 1988, Mr Prelz has completed over 23 venture capital investments in the UK, France, Italy, Germany, Scandavania, Spain, Ireland and Belgium and WorldAccess (USA), and is or has been a member of the Board of numrous companies including: Esaote (Italy), EDAP (France), ESAT (Ireland), Scandavanian Broadcasting Systems SA (Luxembourg).He is currently Chairman of Jazztel plc (Spain) and a director of CyberCity AS (Denmark).Mr. Prelz worked closely with Mr. Marovac and Mr. di Valmarana on transactions in the media, telecom and IT sectors such as @entertainment and Synergon while at Advent International.
Mr Prelz has an MBA from the Wharton School of Finance.As Chairman of the Advisory Board and a member of the Investment Committee, he provides advice to DN Capital gained from 25 years of venture experience on transactions in the telecom, IT and media sectors.
CIENA Corporation - CIENA Events Calendar - Carriers World Europe
Massimo Prelz, Chairman of Jazztel, commented: "We have continued our positive evolution in line with our forecasts.Once again our telecommunications subsidiary supported the robustness and the positive trend of our business - achieving, for the first time in its history, operating profit (EBITDA) during the entire quarter.This result, which has remained firm since March of this year, reinforces our forecast of closing 2004 with an operational profit even though we anticipate to incur operating losses (EBITDA) in the third quarter of 2003."
According to Mr. Prelz "special mention should be made of positive developments in our revenue and the sharp decrease in net losses of 18,9%, improving from €22,1 Mn in Q2-2003 to €17,9 Mn in this second quarter 2004."Mr. Prelz added: "These improvements show the effect of our actions aimed to control our costs while increasing our business volume with a notable rise in the direct access sector which continues to be the area of greatest growth and which provides us with the widest profit margins.
Regarding our financial position, Mr. Prelz pointed out: "During these first two quarters we have improved significantly our financial situation with important actions such as the sale of Jazztel Portugal, the return of the LMDS license and the early amortisation of the syndicated line of credit and performance bond facility.
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