With the closure of MENA’s latest major tower transaction still delayed with Zain Group’s sale of 9,800 Kuwaiti and Saudi sites to IHS Towers still a waiting final regulatory approval, TowerXchange look back on the tower deals that have come and gone in MENA, exploring factors that have contributed to the decisions and examining what the future holds tower transactions in the region.
Tower ownership and mobile market dynamics in MENA
The Middle East and North Africa is the region currently the least penetrated by the towerco business model, with fewer than 6% of towers currently sitting in towerco hands (versus the global average of 66% - see figure one).
