SAN DIEGO, CA–(Marketwire – December 2, 2009) – Md7, a pioneer in real estate asset management for the wireless telecommunications industry, named Dion Joannou, previously Chief Strategy Officer and President of Nortel Networks of North America, to its Advisory Board. Joannou’s appointment as the Advisory Board’s inaugural member marks Md7’s commitment to take a leadership role in global wireless asset management and administration.
“As wireless operators migrate to LTE and 4G, our customers rely on Md7 to help them reduce their operating costs, so it’s invaluable to have an industry veteran with a winning career contributing his experience and insight to our forward planning,” said Michael Gianni, Chairman and Chief Executive Officer of Md7.
Highlights of Joannou’s 14-year career at Nortel Networks include serving as the company’s Chief Strategy Officer and President of North America. Prior to his departure from Nortel in August 2007, Joannou was responsible for over 50% of Nortel’s revenues totaling between $5 and $6 billion. In the years following, Joannou has served on select boards, advising the executive teams of several notable enterprises. He holds a BA from Southern Illinois University and an MBA from the University of Miami in Florida.
Md7 is a specialized real estate portfolio management company that identifies and develops asset optimization and expense reduction initiatives for wireless and wireline telecommunications operators. Through proprietary financial engineering, Md7 provides a highly efficient property management system for the unique commercial real estate interests of wireless carriers. The Md7 suite of services focuses on lease administration and management of cell site portfolios. With both US and European international headquarters in San Diego and London, Md7 has become a proven partner of top wireless corporations and a sophisticated source of funding thanks to a uniquely qualified and structured finance, real estate, legal, operations and technology team.