Tim Ostrowski is Laser's senior vice president of business development. Prior to AT&T's acquisition of Leap Wireless in March 2014, Mr. Ostrowski was responsible, as vice president of business development, for creating relationships with key business partners and investigating business alliances to further the company's strategic goals. In addition, Mr. Ostrowski was responsible for the company's $3 billion spectrum portfolio. He has extensive knowledge of optimizing the value of spectrum by leading Leap's team in the FCC auctions and handling multiple spectrum transactions over the last 10 years.
Mr. Ostrowski brings more than 25 years of managerial experience and seven years in the telecomm industry prior to joining the Leap management team, including serving as chief financial officer for Verizon Public Communications Group and Verizon Card Services. Mr. Ostrowski received his Bachelor's degree in Finance and Masters of Business Administration from Northern Illinois University.
Doug Hutcheson is responsible for the oversight of all relationships and partnerships for Laser, advancing the regulatory process, and any strategic processes. Mr. Hutcheson has significant operational and financial expertise in the telecommunications industry, as well as extensive experience with business operations.
Prior to its acquisition by AT&T in March 2014, Mr. Hutcheson led Leap Wireless International, Inc.as its chief executive officer.
Mr. Hutcheson serves as a senior advisor to Searchlight Capital Partners, is chairman of the board of directors of InterDigital, Inc. and is a member of the board of directors of Pitney Bowes Inc.
Mr. Hutcheson holds a Bachelor of Science degree in Mechanical Engineering from California State Polytechnic University, San Luis Obispo and a Masters of Business Administration from the University of California, Irvine, where he graduated summa cum laude.
Laser, Inc. was formed in connection with the acquisition of Leap Wireless International, Inc. by AT&T Inc. on March 13, 2014, pursuant to the Agreement and Plan of Merger dated July 12, 2013. At closing, each share of Leap common stock was cancelled and converted automatically into the right to receive $15.00 in cash, without interest, and one non-transferable contingent value right (CVR). Each CVR entitles the holder to a pro rata share of the net proceeds, if any, resulting from the sale of Leap's 700 MHz A Block spectrum license covering the greater Chicago area and having the call sign WQJQ707 (which we refer as to the 700 MHz License).
Laser is the Stockholders’ Representative referred to in the Merger Agreement and is a party to the Contingent Value Rights Agreement entered into in connection with the closing of the acquisition. In its role as Stockholders' Representative, Laser has the authority to take efforts to eliminate interference to the 700 MHz License and to conduct the sale process for the 700 MHz License. For more information regarding Laser, the 700 MHz License or the CVRs, please refer to Leap's prior filings with the U.S. Securities and Exchange Commission (SEC), a selection of which are available below, and the Contingent Value Rights Agreement which is also available below.
September 17, 2013
October 18, 2013
March 6, 2014
March 14, 2014
March 13, 2014
September 15, 2015
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