A Gulf alliance comprising three telecom companies intends to establish the largest entity that manages telecom towers in the Middle East and North Africa region, in light of the growing interest in this sector with the expansion of the technology boom.
The Qatari telecom company, “Ooredoo”, the Kuwaiti Zain Group, and the Emirati Task Towers Holding Company, announced in a joint statement the start of exclusive talks to establish the largest tower company in the Middle East and North Africa. The negotiations aim to merge approximately 30,000 telecom tower assets into an independent, jointly-owned tower company.
Source (Al-Arab Newspaper of London, Edited)
