BETHESDA, Md.-Municipal Wi-Fi network solution provider MobilePro Corp. said it completed its first phase of restructuring, with the goal of becoming a facilities-based provider of wholesale and retail Voice over Internet Protocol services.
“After two years and 20 acquisitions, a retooling of our organization was needed and we are pleased with how things are starting to shape up,” said Jay Wright, chairman and chief executive of MobilePro. “We will also be looking to leverage Jim Magruder’s knowledge and some existing assets we have to develop a new VoIP platform to complement our CommPartners relationship and better position us to serve the emerging VoWiFi market. In sum, these are some major initiatives for MobilePro.”
“The company, previously organized along product lines, is being reorganized along functional lines to better reflect the company’s strategy of bundling voice and data products on the same customer bill,” said Jim Magruder, executive vice president in charge of integration at MobilePro. “We expect to see approximately $1 million in annualized cost savings out of phase one and are targeting an additional $4 million in annualized cost savings out of phase two, which we expect to complete by the end of our fiscal year, March 31, 2006. Our goal is to have faster response times, a broader range of product offerings to all our customers and a more cohesive, integrated organization that will enable us to manage our company more effectively. We also will be developing some latent existing assets so that MobilePro can become a facilities-based provider of wholesale and retail VoIP services.”
