Timothy Donahue is one of the wireless industry's pioneers, having started his career working at McCaw Cellular. He is the current CEO and member of the Board of Directors of Cerberus Telecom Acquisition Corp. (CTAC), which is a special purpose acquisition company.

Cerberus Capital Management Cerberus Capital Management, L.P. is an American private equity firm,Leaders Magazine"Providing Economic Opportunity: An Interview with The Honorable Dan Quayle, Chairman, Cerberus Global Investments, LLC". specializing in distressed investing. ...

tapped Mr. Donahue to lead CTAC because of his deep industry expertise, which includes serving as Executive Chairman of

Sprint Nextel Sprint Corporation was an American telecommunications company. Before it merged with T-Mobile US on April 1, 2020, it was the fourth-largest mobile network operator in the United States, serving 54.3 million customers as of June 30, 2019. The co ...

President President most commonly refers to: *President (corporate title) *President (education), a leader of a college or university *President (government title) President may also refer to: Automobiles * Nissan President, a 1966–2010 Japanese ful ...

and

Chief Executive Officer A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ...

of Nextel Communications Inc., as well as holding senior executive roles at AT&T Wireless. Under his leadership, CTAC selected IoT global leader

KORE Kore may refer to: Arts and entertainment * Kore (comics), a comic-book series by Josh Blaylock and Tim Seeley *Kore (producer), French-Algerian music producer, also part of duo Kore & Skalp *Kore (sculpture), a type of ancient Greek sculpture de ...

as a merger target. The fully diluted pro-forma implied enterprise value of the combined company is approximately $1.014 billion, and the transaction is expected to close in Q3 2021.

Career

He began his career leading the pager division of McCaw Cellular and then served as northeast regional president for

AT&T Wireless Services AT&T Wireless Services, formerly part of AT&T Corp., was a wireless telephone carrier founded in 1987 in the United States, based in Redmond, Washington, and later traded on the New York Stock Exchange under the stock symbol "AWE", as a separat ...

operations from 1991 to 1996. In January 1996, the

Nextel Nextel Communications, Inc. was an American wireless service operator that merged with and ceased to exist as a subsidiary of Sprint Corporation, which would later be bought by T-Mobile, T-Mobile US and folded into that company. Nextel in Brazil, ...

Board of Directors tapped Mr. Donahue as President and

Chief Operating Officer A chief operating officer or chief operations officer, also called a COO, is one of the highest-ranking executive positions in an organization, composing part of the "C-suite". The COO is usually the second-in-command at the firm, especially if t ...

. From 1999 to 2005, Mr. Donahue served as president and CEO of Nextel Communications. He then served as the Executive Chairman of Sprint Nextel Corp from August 2005 to December 2006. On October 10, 2006, Mr. Donahue announced his retirement as Chairman of Sprint Nextel effective the end of the year. Nextel experienced record setting financial results under Mr. Donahue's leadership, with nine straight quarters of positive

net income In business and accounting, net income (also total comprehensive income, net earnings, net profit, bottom line, sales profit, or credit sales) is an entity's income minus cost of goods sold, expenses, depreciation and amortization, interest, a ...

. During his tenure as President and CEO of Nextel, he helped build Nextel into a

Fortune 200 The ''Fortune'' 500 is an annual list compiled and published by '' Fortune'' magazine that ranks 500 of the largest United States corporations by total revenue for their respective fiscal years. The list includes publicly held companies, along ...

company; increasing the subscriber base to 16.2 million in 2004 and significantly reducing debt. In 2003 he earned $26.3 million in pay from Nextel and by June 2004 he held 1.8 million Nextel shares. He currently serves on the Board of Directors for Aura Network Systems (Cerberus is an Aura investor), Ligado Networks, Radius Networks, and UCT Coatings. He has served on the Board of Directors for Kodak, Tyco, NVR, Covidien, and ADT.He is currently Chairman of the Board for KORE Group Holdings (NYSE-KORE).

Personal

Mr. Donahue is one of twelve children. He graduated from

John Carroll University John Carroll University is a private Jesuit university in University Heights, Ohio. It is primarily an undergraduate, liberal arts institution accompanied by the John M. and Mary Jo Boler College of Business. John Carroll has an enrollment of 3, ...

in 1971. In 2015, Mr. Donahue and his wife, Jayne, committed $6 million to John Carroll University to provide scholarships. He also served on the Board of Directors for the University.

References

Sprint Corporation people John Carroll University alumni Living people American chief executives of Fortune 500 companies American chairpersons of corporations AT&T people American telecommunications industry businesspeople American chief operating officers 1949 births {{business-bio-stub