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WALL, N.J.-Regional wireless operator Centennial Communications Corp. reported that Ellen Wolf has resigned from the company’s board of directors. Raymond Ranelli, who was formerly a vice chairman of PricewaterhouseCoopers, has been named to serve the remainder of Wolf’s term and will serve on Centennial’s audit committee.
Centennial announced earlier this week that it had agreed to sell its Puerto Rico cable television operations to Hicks, Muse, Tate & Furst Inc. for $155 million. Proceeds from the sale will be used to fund the buildout of wireless licenses covering Lansing and Grand Rapids, Mich., acquired from AT&T Wireless Services Inc.
