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If you need a comment on investment strategy in unquoted telecoms and
technology businesses, especially venture capital, please consider
contacting Tim Murray, founder and CEO of Pilotbird. Tel: 0207 90 90 900.

Tim is also available to speak on the impact of technological change in
telecoms on the user, the investor, and with respect to broadband-based
applications, wireless-based applications and intelligent network
services.

Pilotbird is an early stage venture capital firm. They are a team of eight
investment professionals who together have over fifty years' experience in
telecoms and IT. Pilotbird believes in a broadband and wireless future
and
invests in European companies working to enable and exploit that future.

Founded at the end of 1999, Pilotbird's initial investments have been made
from shareholders' funds. The company is currently raising a Euro 150
million fund from a group of high technology corporations and
institutional
investors.

Tim Murray, CEO, Pilotbird.

Tim Murray has worked in telecoms for nineteen years as a corporate
financier, consultant and engineer. He left the City to found Pilotbird in
December 1999.

He was an investment banker for six years, most recently as Global Head of
Communications and Technology at Schroders. There he built and led a team
of 45 corporate financiers and securities analysts in New York, London and
Hong Kong. Before joining Schroders, Tim was Head of European Telecoms at
BZW. His banking clients have included BT, Motorola, Rétévision, Tele
Danmark, France Telecom, TIW, BCE and the Governments of Australia,
Greece,
Italy, Poland and Sweden.

Before banking, Tim spent eight years with Mercer Management Consulting,
providing a broad range of strategic advice to European telecoms
operators.
Prior to joining Mercer, he completed a university scholarship programme
with BT and worked for BT as a software engineer.

Tim has an MBA (with distinction) from INSEAD and a degree in Electrical
Engineering from Cambridge University.

For media information contact Rosemary Rogers: 01727 848420,
rosemary.rogers@lineone.net


Or see http://www.pilotbird.com







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