Announced
Financials
Tags
Telecommunications Equipment
United Arab Emirates
Kuwait
telecommunications infrastructure
Joint Venture
Acquisition
Majority
Pending
Friendly
tower operator
Cross Border
Private
Single Bidder
Qatar
Synopsis
Ooredoo, a Qatari multinational telecommunications company, Zain Group, a Kuwaiti mobile telecommunications company, and TASC Towers, an independent tower operating company, agreed to form a joint venture, to create a jointly owned independent tower company. "This transaction will create a potential shareholder value uplift for both Ooredoo Group and Zain Group through a more efficient capital structure. Both operators are committed to executing on their respective growth strategies to unlock significant capital and maximize value for shareholders while at the same time reducing the carbon footprint within the MENA region," Ooredoo.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.