Zain selling towers to TASC in three countries
Operator already planned to sell Saudi towers and follows up with fresh announcement for Iraq, Jordan and Bahrain
Hot on the heels of an announcement that their Saudi Arabia towers were being sold to the Saudi Arabian Public Investment Fund (PIF), multi-country operator Zain have disclosed that further tower sales are on the cards in Iraq, Bahrain and Jordan.
While reporting their Q3 results to investors Zain point towards receiving a US$807m non-binding offer from PIF. You can read all about that deal here.
Other key events highlighted in the towerco section include a tower transaction close to finalisation in Jordan, that is expected to complete in Q4 2021, and a tower transaction in Iraq that is in process and expected in Q2 2022.