FOR THE DISTRICT OF COLUMBIA
STATEMENT OF PLAINTIFF UNITED STATES
This Statement is filed by plaintiff United States in support of the appointment of Mr. David S. Turetsky as Management Trustee in the above-captioned case. This case arises from a civil antitrust Complaint, and stipulated proposed Final Judgment filed on July 6, 2005. The purpose of the Final Judgment is to remedy the competitive problems identified in the Complaint through the successful divestiture of the Divestiture Assets, as defined in Section II of the proposed Final Judgment. The success of the Final Judgment in curing the competitive problems identified in the Complaint depends in part upon the preservation of the Divestiture Assets prior to their divestiture. In order to facilitate the divestitures contemplated by the proposed Final Judgment by preserving the Divestiture Assets, the parties stipulated to the Preservation of Assets Stipulation and Order ("Stipulation"). The Stipulation embodies the parties' agreement to preserve and maintain the Divestiture Assets through the appointment of an independent Management Trustee to serve as manager of the Divestiture Assets consistent with the terms and purpose of the Stipulation and the proposed Final Judgment. David S. Turetsky is exceptionally well qualified to be the Management Trustee in this case.
Plaintiff United States believes a familiarity with the management of a telecommunications business and a thorough understanding of the competitive goals of both the proposed Final Judgment and the Stipulation are essential qualifications for the Management Trustee. Mr. Turetsky clearly possesses those qualifications. In his position as Senior Vice President for Law and Regulatory Affairs at Teligent, a telecommunications company providing fixed wireless service, he served as a member of the company's senior management team that developed and directed Teligent's business strategy. Through this experience, he gained the wireless industry knowledge and hands-ons operational and financial expertise that make him fully capable of carrying out the day-to-day responsibilities of the Management Trustee. With more than 20 years experience in antitrust law, including his position as Deputy Assistant Attorney General at the Antitrust Division of United States Department of Justice, Mr. Turetsky is exceedingly well qualified to understand and advance the goals of the Stipulation and proposed Final Judgment. Additionally, an extensive conflicts check has revealed no representations that would disqualify Mr. Turetsky from serving as Management Trustee. Finally, plaintiff states consent to and defendants have no objection to the appointment of Mr. Turetsky as Management Trustee. A complete description of Mr. Turetsky's experience and qualifications appear in Exhibit A attached to this Statement.
In accordance with the Stipulation, Mr. Turetsky shall manage the operations of the Divestiture Assets. Mr. Turetsky will have the power to hire, at the cost and expense of defendants, any investment bankers, attorneys or other agents reasonably necessary in his judgment to assist in the management of the Divestiture Assets. Mr. Turetsky will also have the authority to take actions necessary to preserve the Divestiture Assets to ensure their expeditious and successful divestiture. Accordingly, plaintiff United States supports the appointment of David S. Turetsky as Management Trustee.
Dated: July 6, 2005