What we know about the Zain and Mobily tower sales in Saudi and Kuwait
Formerly nascent Middle Eastern tower market springs into life
Multiple sources have now confirmed the commencement of tower sale processes by Zain (in the Kingdom of Saudi Arabia – KSA – and in Kuwait) and by Mobily (Etisalat’s opco in KSA), totaling almost 16,000 towers. While we’ve seen tower sale processes start and stop before in the Middle East, the many people TowerXchange have spoken to about these processes are more bullish about their prospects of completion.
Who is selling, what are they selling and where?
The deadlines for expressions of interest were in May 2015, and TowerXchange understands that multiple parties have expressed an interest in acquiring 9,200 Mobily towers and 5,000 Zain towers in the Kingdom of Saudi Arabia.