Eaton Towers appoints Ghana executives
Eaton Towers, the African tower ownership and management company, has appointed Gareth Townley as MD and Adnan Quddus as CFO of its Ghanaian operations.
The group notes that Townley has over 10 years’ experience in African telecoms, including most recently CEO at Viasat Broadcasting from 2008 to 2011. Previously he was CEO for Millicom’s cellular businesses in Sierra Leone and Ghana from 2003 to 2007.
Adnan Quddus has over 18 years of experience in leading cellular companies. He was formerly CFO for Orascom Telecel in Namibia and prior to that was CFO for Millicom’s businesses in Ghana and Tanzania.
Alan Harper, chief executive of Eaton Towers, said: “Ghana is a key market for Eaton Towers and we are very pleased to welcome Gareth and Adnan to the team. We are confident that their combined experience and relevant track records will support our plans in the country.
“These key appointments provide further momentum to grow our business of selling telecom tower co-location and shared-infrastructure facilities.”
In January this year, Eaton Towers secured a $30 million debt facility from Standard Bank Group, acting through Stanbic Bank Ghana and the Standard Bank of South Africa, to build and develop both existing and new telecom towers across Ghana.
This bank debt financing followed the $150 million equity investment into Eaton Towers in September 2011 by Capital International Private Equity Funds (CIPEF), a private equity investor that focuses on emerging markets.
Eaton Towers operates towers in Ghana, Uganda and South Africa and has recently established offices in Kenya.
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