PE-backed NTS appoints Driver as CEO

NTS Communications Inc, which is backed by Tower Three Partners, has named Cyrus Driver as CEO and a member of the company’s board of directors. Prior to joining NTS, Driver worked at Time Warner Cable‘s Business Class where he was a vice president. NTS is a provider of high-speed broadband services.

PRESS RELEASE

LUBBOCK, Texas, March 2, 2015 /PRNewswire/ — NTS Communications, Inc. (“NTS”) a regional provider of advanced communications services, today announced that Cyrus Driver has been appointed Chief Executive Officer and a member of the Board of Directors.

With over 27 years of experience in the telecommunications and high-tech industry, Mr. Driver is a seasoned executive with an impressive track record of expanding fiber-based communications services businesses. Prior to joining NTS in January 2015 as President and Chief Revenue Officer, Mr. Driver served as a Vice President of Time Warner Cable’s Business Class and was a key member of the Time Warner Cable (TWC) senior executive team for over 10 years. Most recently, he led the aggressive growth of TWC’s business class services.

“Cyrus has the unique combination of industry experience, intellect and results-orientation to drive future success at NTS,” said Michael Nold, Interim CEO and a Director of NTS. “Under Cyrus’ leadership, we are confident that NTS will further capitalize on the extraordinary opportunities that lie ahead. Since joining NTS as President, Cyrus immediately demonstrated the ability to lead the entire company. I look forward to providing continued support to Cyrus and the rest of NTS’ great team.”

Mr. Driver said, “It is an honor to lead the talented NTS team, and I appreciate how deeply everyone at this organization cares about offering the best services and support to our customers. With market-leading products and technology, great customers and growing partnerships, NTS has a strong foundation. The Company is well positioned as a regional leader in the broadband communications industry and, during my time as CEO, will remain committed to further expanding NTS’ fiber-to-the-premise (FTTP) network. I am confident in our ability to continue to build on the Company’s momentum and lead NTS into the next phase of the Company’s growth and development.”

William D. Forrest, Founder and Managing Partner of Tower Three Partners and Director of NTS, said, “This seamless transition of leadership underscores the commitment and talent of the NTS team. In Cyrus, we believe we have found the next leader to successfully grow the company and build on the strong NTS framework already in place. During this transition period, Mike has been an exceptional leader and will continue to work closely with Cyrus and the leadership team.”

About Cyrus Driver
Cyrus Driver joined the NTS senior leadership team in January 2015 as President. Mr. Driver brings to NTS over 27 years of experience in the Telecom and other high-tech industries with turn-around experience and P&L responsibility. He has overseen sales, marketing, systems engineering, R&D, care, operations, product management and launches in 13 countries. Mr. Driver previously led TWC’s business class services as the Vice President and also served as a General Manager for Voice, launching both residential Digital Phone and Business Class Phone. Prior to Time Warner, Mr. Driver served as Vice President of Product Management for Siemens Mobile USA and as Director, Worldwide Marketing of DWDM for Nortel Networks. Mr. Driver received an MBA from West Texas A&M University and a BE from Bangalore University.

About NTS, Inc.
NTS is a provider of high speed broadband services, including internet access, digital TV programming and local and long distance telephone service to residential and business customers in northern Texas and southeastern Louisiana. NTS’ Fiber-To-The-Premise (FTTP) network provides one of the fastest internet connections available. The Company currently has operations in Texas, Mississippi and Louisiana and also serves customers in Arizona, Colorado, Kansas, New Mexico and Oklahoma. For the Company’s website, please visit: www.ntscom.com.

About Tower Three Partners
Tower Three Partners is a leading operationally-oriented private equity firm that invests in a concentrated portfolio of U.S.-based middle market companies. With long-term committed capital from major institutional investors and a senior management team that collectively has decades of experience, the firm targets equity investments of $50M to $150M that provide a catalyst for growth.
Alongside management, Tower Three Partners prioritizes and implements changes in operations, strategy, growth and/or capital structure to significantly improve business performance. Our professionals are experienced in operational improvement, mergers & acquisitions and financial restructurings. For more information, visit our website at towerthreepartners.com or call 203-485-5800.