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Executive Management

Laurence S. Grafstein

Director

Laurence S. Grafstein was elected as a Director of the Company in April 2002.

Grafstein has been Managing Director and Head of Global Telecommunications at the investment banking firm of Lazard Freres & Co. LLC since July 2001.

From 1996-1999, Grafstein headed the international telecommunications practice at Credit Suisse First Boston.

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