TASC Towers has finalised its second of three tower portfolio acquisitions as part of its regional sale leaseback deal with multinational MNO Zain. The deal includes 4,968 acquired sites with an additional 300 managed sites for a total of US$180mn. These 300 managed sites are either on private or government locations that could not be transferred due to security reasons, as well as some in-building sites which have strategic advantages for Zain to retain ownership of.
This is typical for the region and closely echoes a condition of Helios Towers’ acquisition deal with Oman Telecom where around 100 sensitive sites remained with the operator.
