Vodafone Group announced that Vivek Badrinath will be appointed Chief Executive of its new European tower company, ‘TowerCo’, effective 1 April 2020.
In line with our previous announcement in July, TowerCo will be legally separated into a new organisation and will become operational by May 2020, with a senior team in place by that time. Capturing the industrial benefits from network sharing, achieving operational efficiencies and pursuing monetisation opportunities for passive tower infrastructure are key elements of Vodafone’s strategy to improve asset utilisation.
Vivek Badrinath is currently the Chief Executive of Vodafone’s Rest of World operations. He has extensive telecoms and technology leadership experience from his role at Vodafone and his previous roles at Orange, where he was Deputy Chief Executive and prior to that led its global networks and operations division. Before joining Vodafone, Vivek was Deputy Chief Executive of international hospitality group AccorHotels.
Vodafone also announced that it will simplify its management structure with the removal of the Rest of World regional organisation, from the beginning of FY20/21.
Nick Read, Chief Executive, Vodafone
We believe that there is significant scope to generate operational efficiencies and increase tenancy ratios across our tower portfolio, and that we will be able to unlock value for shareholders.
