MAVENIR ANNOUNCES CFO

RICHARDSON, TX – February 5, 2019: Mavenir, a leader in transforming mobile network economics for Communications Service Providers (CSPs), today announced the appointment of Terry Hungle to the position of Executive Vice President and Chief Financial Officer, replacing Walter Loh. Mr. Loh had previously served as an Operating Executive for Siris Capital and joined Mavenir at the time of its acquisition to lead it through that transitional period.

Mr. Hungle re-joined Mavenir on January 14, 2019, having previously served as the Company’s CFO from 2008 to 2015.  His role as CFO will become effective on March 4, 2019.

“Terry brings substantial and relevant industry experience and credibility to Mavenir, and he is joining at an important time for the Company,” said Mavenir President and CEO, Pardeep Kohli.  “Mavenir is strongly positioned to solidify its leadership position in network infrastructure, and I am excited about the role Terry will play in driving the next phase of Mavenir’s journey.

Added Kohli, “I would also like to thank Walter for his many contributions to Mavenir.  He has been instrumental in the Company’s evolution and successfully led all financial activities during a period of significant transformation and growth.”

Terry Hungle is an industry veteran who brings to his role more than 40 years of relevant business experience.  Most recently, Terry was Chief Financial Officer of Imagine Communications.  Prior to Imagine, Terry served Chief Financial Officer at Mavenir, participating as a leader in the company’s IPO and its subsequent sale to Mitel.

Mr. Hungle said, “I am excited to be returning to Mavenir.  Mavenir has always been a visionary company and a leader in the market and I look forward to participating in that vision and helping the Company reach its next level of success.”

Mr. Loh said, “It has been an absolute pleasure to be a part of the Mavenir team over the past several years, and I am personally very excited about what the future holds for the Company.”