Ooredoo And Zain Launch Regional Tower Platform With First Closing In Qatar And Kuwait
Oman, Oct. 26 -- Ooredoo Q.P.S.C. and Mobile Telecommunications Company K.S.P.C. ("Zain Group") announced the first closing of their regional tower transaction, bringing together the initial tower portfolios within a regional tower platform jointly owned by Ooredoo Group and Zain Group, each holding a 50% stake.The first closing combines the tower assets of Ooredoo Qatar (Al Abraj) and Zain Kuwait (ITK) within the platform. Together, these portfolios comprise approximately 4,000 towers.The transaction is expected to create significant value through greater scale, capital efficiencies and a dedicated operating model focused on passive telecommunications infrastructure. As it expands, the tower platform will support the delivery of infrastruc...
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