Africa & Middle East News
A roundup of tower news across SSA and MENA
KSA: Mobily tower sale slows
Having shortlisted bidders in August, multiple sources have suggested that KSA operator Mobily has slowed the timetable for the divestiture of ~9,200 towers, although the process has not been halted. Zain’s parallel process to sell their ~5,000 towers in KSA continues apace. Lebanon’s M1 Group and UAE-based Towershare are believed to be among the bidders.
Nigeria: IHS and Etisalat close second tranche of tower deal
Following on from the transfer of 2,136 towers from Etisalat to IHS in August 2014, IHS has completed the transfer of a second tranche of 555 towers from the UAE-owned MNO.