The Middle East’s first major tower transaction is announced

IHS Towers, in partnership with Towershare, acquire Zain’s 1,600 Kuwaiti sites

Read this article to learn:

  • Detailed insights into Zain’s Kuwaiti tower sale including implications for BTS, power provision and the acquiring parties
  • Zain’s vision for further tower transactions
  • Attitudes of MENA’s major operators towards tower sales and infrastructure sharing and where the next tower transactions could be expected
  • Potential key players in the future MENA towerco sector

On 10 October it was announced that Zain had entered into an agreement to sell and leaseback its 1,600 Kuwaiti towers to IHS Towers, in partnership with Towershare, for US$165mn. The transaction is expected to close in the first quarter of 2018 and upon completion will mark the Middle East’s first tower transaction of scale….

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