Zain Kuwait closes US$130mn sale and leaseback deal with IHS Towers

International towerco expands geographical footprint with new MENA region

Read this article to learn:

  • Details of the deal between Zain and IHS
  • Deal in the content of former failed transactions
  • What the deal means for Kuwaiti market
  • IHS’s ambitions for the MENA region

On 12 February 2020, further to receiving regulatory approval from the Communication and Information Technology Regulatory Authority (CITRA) and support from Kuwait Direct Investment Promotion Authority (KDIPA), global leading international towerco IHS Towers completed the sale and lease back deal of 1,620 telecommunication towers from mobile network operator Zain in Kuwait.  Zain began studying the…

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