Saudi Arabia round table reveals imminent transition to towerco business model
The current state of tower carve-outs and sales in KSA – and what it means for you!
All the leading stakeholders in the emerging Saudi Arabian tower sharing market participated in the inaugural TowerXchange Meetup MENA in January 2019. Several of the county’s leading MNOs, towercos, investors and suppliers contributed to discussions at a revealing Saudi round table, which covered ground leases, lease-up plans, new build, decommissioning, regulation, fibre and urban infrastructure deployment. Here’s what we learned.
The current state of the emerging Saudi tower market (as at January 2019)
All three Saudi MNOs are exploring significant changes in their tower strategy:
- Zain has announced the sale and leaseback of 8,100 towers with African market leading towerco IHS Towers, agreeing a US$647.7mn