By John Lee. Qatar's Ooredoo, Kuwait's Zain Group and TASC Towers Holding of Dubai are to create the largest tower company in the MENA region, in a cash and share deal. The enlarged tower company, comprising approximately 30,000 towers, has a combined estimated current enterprise value of USD 2.2 billion. Ooredoo and Zain will equally […]
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Tags: Citigroup, Digital Infrastructure Assets LLP, DLA Piper, dubai, featured, Herbert Smith Freehills (HSF), Kuwait, mn, mobile phone, Morgan Stanley, Norton Rose Fulbright, Ooredoo, Qatar, Shearman & Sterling (S&S), TASC Towers, Telecommunications, United Arab Emirates (UAE), Zain
Zain Iraq Profit jumps 8-Fold
By John Lee. Zain Iraq's Q1 2023 revenue increased by 15 percent to reach USD 223 million and EBITDA recorded was USD 76 million, reflecting an EBITDA margin of 34 percent, according to the company's results statement for the period. The operation reported eight-fold increase in net profit of USD 30 million for Q1 2023 […]
Zain Iraq finalises Sale-and-Leaseback of Towers
By John Lee. Zain Group has announced that its operation in Iraq has entered into a definite 15-year agreement to sell and leaseback, as well as the management rights of the passive physical infrastructure of its 4,968 tower portfolio in Iraq to TASC Towers Iraq for US$180 million. The deal also comprises of TASC Towers […]