Saudi Telecom considers sale of towers
15 July 2016 |
Saudi Telecom has been seeking potential bidders for its mobile towers as it considers options for its infrastructure assets.
The operator has also reportedly been in discussions with Etihad Etisalat and Zain Saudi Arabia about merging towers from the three companies into a single entity although no agreements have been made with any party.
Saudi Telecom’s CEO Khaled Bin Hussain Biyari told Bloomberg in May that he was “seriously considering” selling several towers and setting up a company to manage its tower business.
“We are doing our internal assessment in terms of what value it would bring us. Typically for a telco, it’s either a trade-off between advantages of coverage versus efficiency. I am more for the efficiency,” he told Bloomberg then.
Zain Saudi is also said to be considering various options for its 7,500 towers – either selling them or working with competitors to create one company.
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