TASC Towers to acquire 2.6k towers from Zain Group for $88m.

TASC Towers, an international tower operator focused on sale and leaseback, agreed to acquire 2.6k towers from Zain Group, a telecommunications operator across the Middle East and Africa, for $88m. “This transaction is consistent with Zain's '4Sight' strategy to create significant value for shareholders through the unlocking of capital and optimization of infrastructure assets which will flourish under the management of an independent team. As a strategic shareholder, we are committed on supporting TASC Towers' regional expansion in making it a leading operator of telecom infrastructure," Bader Al-Kharafi, Zain Group Vice-Chairman and CEO.