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Business Live - "Eaton Towers appoints new CFO" - 05 December 2011


Peter-Lewis Eaton Towers, the African tower ownership and management company, has appointed Peter Lewis as CFO with immediate effect.

Lewis joined Eaton Towers from Millicom, the formerly NASDAQ-listed telecoms operator that focused on growth markets in Africa and Central and South America.

In his role as treasurer and head of corporate finance at Millicom, Lewis was responsible for raising debt to help fund Millicom's cellular operations in Africa.

Alan Harper, chief executive of Eaton Towers, said: "I am very pleased to welcome Peter to the Eaton Towers management team. He has an impressive international track record in the telecoms sector and brings expertise of raising debt funding and the towers business in Africa. Following the recent investment in our business, we are poised to expand our operations across sub-Saharan Africa and have several major deals in the pipeline."

"Tower sharing brings benefits to all parties, allowing operators to broaden coverage and quality of service whilst cutting capital investment and operating costs. The appointment of Peter provides further momentum to our strategy to become the leading tower company in Africa."

Eaton Towers operates towers in Ghana and SA and recently established offices in Kenya and Uganda.

In September 2011, the company secured a major round of equity funding worth $150m from Capital International Private Equity Funds (CIPEF), a private equity investor that focuses on emerging markets. The funding will be used to acquire, build and develop telecom towers across Africa for both existing and new projects.

Business Live - Article

IT Web - "Eaton Towers appoints CFO" - 06 December 2011


African tower ownership and management company, Eaton Towers, has appointed Peter Lewis as CFO, with immediate effect. Lewis joins Eaton Towers from Millicom, the formerly Nasdaq-listed telecommunications operator that focuses on growth markets in Africa and Central and South America.

Chief executive of Eaton Towers, Alan Harper, says Lewis arrives at a time when the company has "several major deals in the pipeline", following a recent investment in the business. "We are poised to expand our operations across sub-Saharan Africa."

Eaton Towers operates towers in Ghana and SA, and recently established offices in Kenya and Uganda.

In September, the company secured a major round of equity funding worth $150 million from Capital International Private Equity Funds (CIPEF), a private equity investor that focuses on emerging markets. The company says this funding will be used to acquire, build and develop telecoms towers across Africa for both existing and new projects.

CIPEF joined existing Eaton Towers shareholder, African Development Partners, a private equity fund advised by Development Partners International.

The Eaton team includes chief executive Harper, formerly on the executive committee of Vodafone Group; executive director Terry Rhodes, former director of Celtel (now Bharti Airtel Africa); and Sanjiv Ahuja, formerly chief executive of Orange.

IT Web - Article

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