Drexel Hamilton: New CEO Steps Forward for Lumos Networks

In a research report released this morning by Drexel Hamilton, Lumos Networks LMOS has enlisted a new CEO, board member Timothy Blitz. In the report, Drexel Hamilton commented, "Tim Biltz brings a strong management track record in telecom having held positions as COO of Vanguard Cellular (acquired by AT&T), COO of Spectrasite (acquired by American Tower) – a wireless tower company, and Chairman of iPCS, acquired by Sprint." Drexel Hamilton maintains its Hold rating on Lumos Networks, which is currently trading at $8.83.