Former senior executive of Fortune 500 infrastructure giant joins growing UK full fibre provider NextGenAccess
Hatfield UK – 21 January 2019: NextGenAccess Ltd., the rapidly expanding UK wholesale provider of full fibre broadband infrastructure today announced the appointment of Steven Marshall as Chairman.
In a career spanning over 35 years, Steven brings to the company extensive C-Level executive and Public Board experience in telecommunications and broadcasting infrastructure; power and gas transmission; and international construction. He previously served for eleven years as Group Executive Vice President of American Tower Corporation and over nine years as President of their core US business. American Tower is a $60Bn Fortune 500, NYSE listed telecoms and broadcast infrastructure business (“AMT”). His tenure at American Tower commenced in 2007, initially setting up the company’s London-based EMEA operations before assuming full executive responsibility for the US business out of Boston, Massachusetts in 2009.
Steven’s industry knowledge and considerable business acumen will be invaluable to NextGenAccess as the company further expands its full fibre core network in the UK for meeting the ultrafast broadband needs of underserved businesses and the public sector. It will also ensure the company remains tightly focused on achieving its ambitious growth objectives.
“I am delighted to be joining NextGenAccess as Chairman and look forward to working closely with the highly talented senior management team,” said Steven Marshall. “The time is right for NextGenAccess to be scaling up operations and leveraging its innovative solutions for enabling faster and more cost-effective full fibre infrastructure deployment.”
He added: “There is a major digital connectivity deficit in the UK which needs addressing urgently to drive underlying economic growth. This is recognised by the government and OFCOM who are encouraging investment in this area. NextGenAccess is delighted to be part of such an important imperative.”
Steven is currently on the advisory board of Allied Minds Plc and is a Senior Executive Advisor to Federated Wireless. He holds a B.Sc. (Hons.) in Building and Civil Engineering from the University of Manchester, and an MBA from the Manchester Business School. He is a member of the Chartered Institute of Building, the Institute of Management and the Institute of Directors.
NextGenAccess recently secured a £22 million investment from the National Digital Infrastructure Fund (NDIF) to develop its UK 10Gb fibre network. NDIF, a commercial fund established in 2017 by Amber Infrastructure Group, has acquired a significant minority shareholding in NextGenAccess. The Amber Infrastructure Group has over £8 billion under management with interests in energy, property and transport.
Khalid Naqib, Senior Investment Director, Amber Infrastructure, said: “Steven is a highly accomplished leader in global telecoms infrastructure with a rare depth of financial and strategic acumen. As NextGenAccess enters this exciting new phase, I can’t think of a better person to chair the business and help chart its growth. Following on from Bob Falconer’s recent appointment to the board, we now have two seasoned industry experts who have operated in some of the world’s key telecoms and infrastructure roles, and I have no doubt that NextGenAccess will benefit immeasurably from their judgment, insights and counsel as it builds out the infrastructure needed to deliver a gigabit future for the UK.”
Note to editors:
Prior to joining American Tower Corp, Steven was the CEO of National Grid Wireless in the UK and USA. Over his career he has held multiple board positions. He was Director of the Wireless Infrastructure Association, USA, for 8 years and its Chairman in 2017 and 2018; a Director of the Competitive Carriers Association; and a Director of CTIA – the US Wireless Communications Association, and Federated Wireless, the innovative Spectrum Access Service provider for the recently released 3.5Ghz spectrum in the USA. He has also been a director of Freeview, and Digital UK; the Executive Chairman of Intelig, a long distance telecommunications network in Brazil, a joint venture between France Telecom, Sprint and National Grid; and Chairman of Silica Networks, Argentina.
Bob Falconer was announced earlier this month as Non-Executive Director of NextGenAccess Ltd. Between 2003 and 2018 he led Gamma Telecom from the position of a start-up wholesale voice provider to a substantial innovative and disruptive player in the UK B2B telecoms sector, consistently growing ebitda, profit and cash over the period. In October 2014 he oversaw a highly successful IPO of the business on AIM with the share price growing by a factor of four to May 2018 and a market cap of approximately £700 million. Prior to Gamma Telecom, Bob Falconer was a Director at Racal Telecom for eight years where he played a key role in developing and selling the business to Global Crossing for £1 billion in Dec 1999.