The company intends to target ICT companies that benefit from the transformational, long-term impacts of capital deployment in the 5G stack. Such companies may include network operators (mobile operators, fiber operators, datacenters and tower companies), equipment vendors, device makers, semiconductor providers, IT and cloud services, network optimization, ICT software and applications companies.  (ICT stands for information and communications technology companies.) 

Our sponsor is an affiliate of Cerberus Capital Management, L.P.  Our sponsor was founded by Stephen A. Feinberg, Frank W. Bruno and certain senior executives of Cerberus. Stephen A. Feinberg founded Cerberus in 1992 and is its Co-CEO. Frank W. Bruno is Co-CEO of Cerberus and has worked with Mr. Feinberg for over 22 years. Mr. Bruno will also serve as the chairman of our board of directors. Under their leadership, Cerberus has become a global leader in alternative investing with approximately $48 billion in assets under management as of June 30, 2020, and expertise in private equity, credit and real estate. Over the course of its history, Cerberus has developed a group of senior information and communications technology (“ICT”) executives and investors with a proven track record of leading, investing in and growing large, scaled enterprises.

Timothy M. Donahue will serve as our CEO and a member of our board of directors. Mr. Donahue has been a senior advisor to Cerberus’ operations group since 2009 and brings vast experience, deep relationships and strategic vision to investing in ICT. Mr. Donahue is the former chairman of Sprint Nextel where he grew the company’s market capitalization from approximately $16 billion to approximately $40 billion during the period from July 1999 to July 2005.