MiMedia Names Telecom Veteran Stephen Andrews to Board

MiMedia Holdings Inc, a provider of a next-generation consumer cloud platform, has appointed Stephen Andrews, a seasoned telecom executive, as a board director. Andrews, who has spent over 25 years in the telecommunications, media, and technology sectors, brings extensive experience to the company.

Andrews most recently served as the President of Global Carrier Business and Networks at British Telecom (BT PLC), where he was responsible for expanding the company's growth and business reach both domestically and internationally. His roles also included managing European businesses, overseeing Group Mobility, and leading Retail Products and Services. During his tenure, Andrews played a crucial role in shaping BT's strategy, legal, and regulatory teams.

In the past decade, Andrews has held board chairman or non-executive director positions with various telecom, data center, and technology businesses. He has also served as the former Chairman of the Fixed Mobile Convergence Alliance (FMCA) and the Telco Futures Forum. Currently, he is a board advisor at the Wireless Broadband Alliance (WBA), a consortium of over 150 global members, including major fixed and mobile operators, tech giants, and software/hardware vendors.

Chris Giordano, CEO of MiMedia, expressed excitement about Andrews' appointment, stating, "Steve has been an excellent investor and advisor to MiMedia over the years. We are thrilled to call him Board Director. Steve brings to MiMedia deep, wide-ranging, and greatly respected experience in the telco industry globally. His network and reputation with telcos all over the world are vast and at the highest levels. He will not only help the Company with core strategy and corporate governance but also with expanding our business' reach and penetration across the telco industry worldwide."

Andrews added, "I have been a long-time investor in MiMedia and enjoyed watching and supporting the Company's strategy formation, platform development, and business progress. I believe this team has built something special with their consumer cloud platform that can greatly benefit and delight telco subscribers, while driving important strategic, competitive, and financial benefits to the telco's business model. I am excited to join this Board and help the Company reach the next level."

In addition to Andrews' appointment, the company's board has approved the grant of options and restricted share units to certain directors and officers. The options will vest over three years, with full acceleration upon a sale of the company, and will expire in five years. The restricted share units will vest over one year, also with full acceleration upon a sale of the company.

MiMedia's platform offers a next-generation consumer cloud solution, enabling the secure storage, seamless access, and organization of personal media across all devices and operating systems. The company partners with smartphone makers and telecom carriers globally, providing recurring revenue streams, improved customer retention, and market differentiation. Recent partnerships, such as a deal with a leading regional telco in Africa, have highlighted the company's ability to integrate its platform into telco services, offering a unique competitive edge.

The company's forward-looking statements emphasize the importance of its platform in the evolving telecommunications landscape. MiMedia remains committed to driving innovation and growth in the consumer cloud space, leveraging Andrews' extensive industry experience to further its strategic objectives.