End-to-end circular telecom network solutions provider, TXO is to acquire Teqport in Solingen, Düsseldorf, a tech-enabled network service provider with asset recovery and decommissioning expertise.
The addition of Teqport is designed to strengthen TXO’s proposition of helping the telecoms industry enhance sustainability through circular economy solutions that optimise the lifecycle of telecom networks.
Helping operators streamline infrastucture
Teqport’s decommissioning and asset recovery expertise helps operators streamline their infrastructure, which can lead to cost and energy savings and an overall improvement in network quality. This marks a significant expansion for TXO, which recently announced the addition of network decommissioning specialist Lynx UK in December.
Teqport’s team of 25 will join the TXO Group, helping to position it to better serve the global telecoms industry, with a physical presence in Europe, North America, South America, Africa and Australia. Alongside this and the newly added Lynx UK team, TXO’s team of global specialists has now grown to 365 across five continents. The expansion particularly enhances TXO's offerings in the UK and Europe, reinforcing its commitment to serving the region's tier-one mobile and fixed operators.
Bigger and bolder for 2024
Darren Pearce, Group CEO of TXO says: “Combining with Teqport in Germany and joining forces with Sebastian Neubeck and his leadership team show TXO is getting bigger, bolder and better as it prepares to take on 2024. We aim to become the premier circular economy services provider for the global telecoms industry. Alongside the acquisition of Lynx UK and several additions to our leadership team at the end of last year, this move shows that TXO is taking its vision for the circular economy in global telecoms up a gear.”
Sebastien Neubeck, Co-Founder and CEO of Teqport will lead the growth of the combined German operation. He says: “By becoming part of the TXO family, the Teqport team will continue to support businesses with vital equipment recovery, decommissioning and recycling services. We’ve had significant success in doing this with our proprietary project management and service delivery software, ‘Reversys’, and under the TXO banner, we will push towards our shared goal of driving a more cost-efficient and environmentally friendly telecoms industry.”
