06 March 2018
| Alan Burkitt-Gray
Former Colt CEO Rakesh Bhasin is to become chairman of African and Middle East carrier CMC Networks.
Bhasin, who has been a
non-executive director of CMC since June 2017, replaces Grant Walker, who stepped down from the
chairman’s role last week.
Eric Kump, managing director of the Carlyle Group,
CMC’s majority shareholder, said:
"Rakesh’s global experience in the telecoms sector
and his deep network will help CMC broaden its service offering
and enter new geographies, as he has done in his previous roles
at Colt and AT&T."
Carl Grivner replaced Bhasin as CEO of
Colt in September 2015. Bhasin had been in the role nine
years having joined from KVH in Japan, which was also owned by
the Fidelity pensions and investment group. KVH is now merged
From 1993 to 1997 Bhasin was head of AT&T Asia
Pacific’s managed network services business and he
was president of AT&T Japan.
Bhasin said of his new appointment: "CMC is a hidden jewel of
telecom industry and has a great platform to serve the
networking needs of multinational customers in Africa and the
The Carlyle Group bought control of CMC for $100
million in February 2017. Walker remains a non-executive
director and is described as a "considerable