Seddar's focus will be on 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.
Seddar said, "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."
Seddar joins from French IT end-to-end asset lifecycle management provider, Evernex. He served as EVP of services and COO for more than 10 years, guiding it through a transformation from a pure IT broker into the second-largest third-party maintenance provider in the space. He 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."
TXO recently announced two major acquisitions: German decommissioning and network solutions provider TEQPORT and UK-based specialist network decommissioning and engineering solutions provider Lynx. It has also strengthened its leadership team with the recruitment of Kevin Taylor MBE as chairman alongside two new non-executive directors.