A telecommunications business is being established through a merger between two African telecoms service providers - Q-Venture, represented in SA as Quintica SA, and UK-based Eaton Telecom Infrastructure.
The new organisation, to be called Eaton Venture Group, will be an independent telecoms tower ownership and operations business.
According to its management, the new entity will play a key role in transforming the cost basis of existing operators, by promoting and providing passive infrastructure sharing in the world's fastest growing telecoms market.
The company, its management says, will build, acquire and operate telecoms infrastructure assets for operators across Africa.
Chairman of Eaton Venture Group, Sanjiv Ahuja, says: "The rapid growth in the telecommunications industry in Africa creates pressure on network operating costs and quality. Operators are looking for innovative ways to do business.”
Ahuja believes shared tower infrastructure ownership and operations are key to addressing costly network operating costs across Africa.
Alan Harper, former strategy director at Vodafone Group, has been appointed as CEO of the newly-merged company.
"The merger will position us as a leading player in the building, operating and owning of telecommunications infrastructure in Africa," says Keith Boyd, CEO of Q-Venture.
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