Zain postpones KSA tower sale to IHS, towerco remains committed to the region

IHS remain in dialogue with both Zain and the regulator, the CITC

Read this article to learn:

  • Why Zain Saudi Arabia has put on hold its deal with IHS Towers
  • What we do (and don’t) know about this latest regulatory challenge
  • IHS's continuing commitment to KSA and the Middle East
  • Historic challenges closing sale and leaseback deals in the Middle East

On 20th June 2019, the Saudi telecoms regulator, the Communications and Information Technology Commission (CITC) wrote to Zain Saudi Arabia, precipitating the operator announcing the postponement of their tower sale to IHS Towers on 23 June. Originally announced in November 2018, the IHS-Zain KSA deal marked an inflection point in the MENA tower market, but…

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