Farid Seddar joins to drive TXO’s transformation journey to become the premier end-to-end circular economy solutions and services company for the telecoms industry
Chepstow, 26th March 2024: TXO, the leading provider of end-to-end circular telecom network solutions, today announces the appointment of Farid Seddar as Group Chief Operating Officer. Farid will spearhead TXO’s transformation into the leading global provider of circular economy solutions and services for network operators, providing an alternative to OEMs (original equipment manufacturers) to deliver greater sustainability, lower cost and answers to supply chain challenges.
As operators worldwide attempt to maintain their networks and extend the lifecycle of their products, Farid Seddar aims to cement TXO’s position as the one-stop shop for circular economy solutions. This includes providing sustainable and profitable alternatives to ripping out and replacing hardware, with services such as decommissioning and recovery, test and repair, second-user product supply, reselling, and recycling.
Farid Seddar, the new TXO COO commented: “TXO is now on a trajectory to become the leading circular economy solutions provider for the global telecoms industry. I’m excited to join them on this journey. The telecoms industry is looking for cost-effective and sustainable ways to maintain networks and reduce the reliance on the major OEMs which dictate the cost, deployment timescales and levels of support they offer for their products. TXO has the opportunity to offer an alternative for mobile operators, reducing their reliance on new equipment in place of long-term support for legacy equipment to reduce their carbon footprints, CAPEX and OPEX, and provide faster access to a wider range of secondary technology.”
Farid Seddar joins from French IT end-to-end asset lifecycle management provider, Evernex. He served as EVP of Services and COO for over ten years, guiding it through a transformation from a pure IT broker into the second-largest third-party maintenance provider in the space. Farid now brings this experience to TXO as it undergoes a similar journey to deliver not only products but end-to-end solutions and services across the equipment lifecycle for global telecom operators and OEMs.
Darren Pearce, Group CEO of TXO, said: “We’re thrilled to welcome Farid to TXO’s leadership team. His expertise puts us in a strong position as we continue to strengthen our leadership in the delivery of end-to-end circular economy services and solutions for telecom operators. As we continue to acquire and scale TXO to meet the rapidly growing demand we’re seeing, Farid’s role will ensure that we’re able to offer our global network of customers a consistent quality of service regardless of where they are in the world.
The appointment of Farid Seddar is the latest in a string of moves from TXO to expand and evolve its offering. Heading into 2024, it announced two major acquisitions: German decommissioning and network solutions provider TEQPORT, and UK-based specialist network decommissioning and engineering solutions provider Lynx. A few months before, it further strengthened its leadership team with the recruitment of Kevin Taylor MBE as Chairman alongside two new non-executive directors.
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About TXO
TXO is the world’s leading provider of critical telecom network hardware and asset management services.
With close to one million parts, our huge stock of multi-vendor networking equipment sets us apart from the rest. Through a combination of our products and services, we can enhance your productivity and secure the future of your telecom operation. Additionally, we design solutions specifically tailored to your business and using our extensive product knowledge, help with the maintenance and progression of your telecom network.
We also provide asset recovery solutions for our clients across a wide variety of disciplines, such as telecoms, data centres, utilities, oil, gas & renewable energy and civil, government & critical comms. Here our goal is to support your company to achieve its sustainability targets while maintaining your high standards.
TXO was recently acquired by TowerBrook Delta (TowerBrook), an affiliate of global private equity firm TowerBrook Capital Partners.
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