Telecom Transport Management Raises $20M Debt Facility
From Columbia Partners Private Capital

SEATTLE, Wash.—Business Wire - May 20, 2008— Telecom Transport Management Inc. (TTM), a provider of advanced voice and data transport backhaul solutions for wireless carriers, today announced the close of a Series D equity funding package totaling $120 million. The transaction, led by new investors Columbia Capital and Battery Ventures, brings an immediate infusion of $55 million into the company and provides a follow on opportunity for the investors to purchase an additional $65 million of equity. TTM will use the funds to continue to build out its TDM and Ethernet backhaul networks for wireless carriers in the US.

“We are very pleased to have this group of highly respected, experienced investors join the ownership group. This funding provides us with the means to more rapidly deploy our backhaul solutions and help our carrier customers solve this critical need,” said Mark Hamilton, President and CEO of TTM. “I am particularly thankful to our initial shareholders and to my teammates at TTM, whose hard work and dedication have brought the company to this point. This is a very exciting time in the industry; one that is critical to the promise of bringing advanced data applications, including video, to wireless customers across the country.”

“TTM saw a need for cost-effective backhaul alternatives for wireless carriers who are investing billions of dollars to expand the capabilities of their networks in the US,” said Jay Markley of Columbia Capital. “TTM boasts one of the strongest executive teams in the wireless industry, with founders who have tremendous experience in wireless industry technology, business development and sales.”

Along with Columbia Capital and Battery Ventures, the new investors in the round included DCM and Highside Capital Management. They join current investors SeaPoint Ventures, Ignition Partners, Trilogy Equity Partners and Rally Capital, LLC all of which participated in the Series D round as well. TTM has raised $72 million through four rounds of funding to date.

“As a result of their decades of experience in the wireless industry, the executive team and board of directors have strong connections to and understanding about U.S wireless carriers,” said Steve Hooper, TTM board chairman and partner with Ignition Partners. “We are very pleased with the progress Mark Hamilton and his team have made in this important industry. It’s clear that TTM is well positioned to provide solutions for wireless carriers’ future backhaul needs.”

Jay Markley of Columbia Capital, Matt Niehaus from Battery Ventures, and Andrew Sinwell from Highside Capital Management will join Hooper, Hamilton and current directors Don Guthrie from Trilogy Partners and Dennis Weibling from Rally Capital on TTM’s board.

About Telecom Transport Management:
Telecom Transport Management offers wireless carriers a comprehensive, best in class solution that is more cost effective, reliable, flexible and manageable than current transport solutions in the industry. The company builds, owns and operates protected, fully managed state of the art backhaul networks for its carrier customers. These are end-to-end, high speed, high capacity hybrid microwave and fiber networks, connecting hundreds of cell sites in each market to the wireless carriers' switching centers. TTM currently serves several national and regional wireless carriers, helping them meet their increasing bandwidth requirements at a level of performance and price historically unavailable in the wireless market. As those requirements continue to grow at an exponential pace with the introduction and adoption of data-rich 3G and 4G offerings, TTM will be a backhaul carrier of choice for the wireless industry.

About Columbia Partners Private Capital:
Columbia Partners Private Capital is the direct investment unit of Columbia Partners, L.L.C. Investment Management, a Washington, D.C. based registered investment advisor managing over $3 billion. The firm's clients are Public, Taft Hartley, and Corporate pension funds. Columbia Partners Private Capital makes structured finance investments in mid-to-later stage growth companies, with a particular industry focus on the information technology, telecom, media, health care, and alternative energy sectors. For more information visit the Private Capital website at www.columbiaprivatecapital.com.

Copyright Business Wire 2008