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.
Who are the runners and riders in the Saudi and Kuwaiti tower transactions?
