Senior Telecom Executive Brings Extensive Background in Capital Raising, Financial Management and Operations

CHICAGO–(BUSINESS WIRE)–GigNet, a Digital Infrastructure company with a regional fiber-optic broadband network from Costa Mujeres to Cancun to Tulum, announced today it is adding Phil Magiera to its Board of Advisors.

Mr. Magiera has over 25 years of investment and management experience in the telecommunications and high technology marketplaces. This includes financing telecom networks in Europe, North and South America in the long-haul, metro, wireless, satellite and submarine cable sectors.

Mr. Magiera brings a comprehensive set of business skills to the Company, including financings, acquisitions, operations, corporate governance and financial reporting. Mr. Magiera was CFO of two public telecommunications companies (NASDAQ: ICCA and WRDP), CFO of Emerald Networks (a trans-Atlantic submarine cable), CFO of Revere Networks, a northeast U.S. long-haul network, and CFO of CapeNet, a fiber-optic telecom services provider.

“I have worked successfully with Phil on other projects,” said Paul A. Moore, Chairman & CEO of GigNet. “In particular, Phil was a fellow board member and served in many capacities with the company. He helped negotiate key deals including 10 acquisitions, helped raise over $200 million of debt and equity, and helped transform an idea with zero revenues into a company that sold for approximately $560 million to Energis PLC, a UK telecom company.”

“I look forward to working with Paul and his team to move GigNet forward as a high-growth Digital Infrastructure company in the Mexican Caribbean,” Magiera said.

About GigNet

GigNet is the Mexican Caribbean brand of GigNet, Inc., a U.S. based international Digital Infrastructure company. Through its Mexico operating subsidiaries, GigNet, S.A. de C.V., and Sanalto Redes Peninsular, S.A.P.I. de C.V., the Company is a fully licensed telecommunications provider in Mexico. GigNet is actively adding customers to its regional broadband network in the Mexican Caribbean, one of the largest and fastest growing tourism destinations in the world, with over 160,000 hotel rooms and over 25 million annual airport visitors.

For Company Information: www.GigNetInc.com 

For Product and Sales information: www.GigNet.mx

Contacts
In the U.S.: 
Phil Allen 
pallen@gignetinc.com 
+1.303.898.0625