Who are the runners and riders in the Saudi and Kuwaiti tower transactions?
The first potential tower sale and leaseback in the Middle East was mooted over a year ago, with Zain appointing Citigroup to advise on a potential tower transaction in two Gulf countries in early 2015. Mobily, Etisalat’s operation in Saudi Arabia was next to follow suit, appointing TAP advisors to look into a potential sale of their towers. Fast forward 12 months and Saudi Telecom Company are now joining the party – potentially putting all operator owned towers in Saudi on the market at the same time. TowerXchange take a look at the portfolios potentially for sale, examine the latest developments in the processes and explore who the likely bidders will be.