MiMedia Holdings Inc. (TSXV: MIM) (OTCQB: MIMDF) (FSE: KH3) has appointed Stephen Andrews, a long-time senior executive at British Telecom (BT PLC), as a Board Director, effective immediately. Andrews brings more than 25 years of international telecom, media, and technology leadership to the company. The appointment coincides with the board's approval of new stock options and restricted share units for directors, officers, and consultants. Investors may be watching how Andrews's global telecom network supports MiMedia's carrier partnership strategy.

Key Points

  • MiMedia Holdings Inc. (TSXV: MIM) appointed Stephen Andrews as Board Director, effective immediately
  • Andrews spent 25-plus years at British Telecom, including roles as President of Global Carrier Business and Networks
  • The board approved options to purchase up to 6,300,000 subordinate voting shares at $0.20 per share, plus 875,000 restricted share units
  • Investors may be watching whether Andrews's global telecom relationships accelerate MiMedia's carrier deal pipeline

Steve Andrews's Telecom Career and Credentials

Andrews is a UK-based telecom, media, and technology executive with a career spanning more than 25 years at British Telecom, where he held senior positions including President of Global Carrier Business and Networks, Director of European Businesses, and Managing Director of Group Mobility. He has also served as Board Chairman or Non-Executive Director for telecom, data centre, and technology businesses over the past 10 years, and currently holds a Board Advisor role at the Wireless Broadband Alliance, a consortium of over 150 corporate and operator members serving more than 2 billion subscribers globally.

CEO Commentary on Andrews's Strategic Role at MiMedia

MiMedia CEO Chris Giordano stated that Andrews has been an investor and advisor to the company for several years, noting that his telecom network and reputation are extensive at the highest industry levels. Giordano referenced MiMedia's recently announced partnership with a leading regional telco in Africa, describing it as evidence of the platform's expanding capabilities and competitive positioning. The CEO indicated Andrews will contribute to core strategy, corporate governance, and efforts to broaden the company's penetration across the global telecom industry, though no specific targets or timelines were disclosed in the announcement.

Board-Approved Stock Options and Restricted Share Units

Alongside the appointment, the board approved options to purchase up to 6,300,000 subordinate voting shares at $0.20 each. Of these, 6,000,000 options vest quarterly over three years and expire after five years; 300,000 options vest quarterly over one year and also expire after five years. Both tranches include full acceleration upon a sale of the company. The board additionally approved 875,000 restricted share units for directors, officers, and consultants, vesting quarterly over one year beginning on the first anniversary of the grant date, also with full acceleration upon a sale of the company.