Saudi tower deals could once again become a reality, after years of attempts by telcos and advisers alike.
Concurrent tower sales by Zain (KW:ZAIN) and Mobily (TADAWUL:7020) are moving ahead after a brief pause this autumn, TelecomFinance understands.
Mobily, the local subsidiary of Etisalat, held its management presentations this week, while Zain held presentations covering both its Saudi and Kuwaiti towers today.
Citigroup is advising Zain, while TAP Advisors is advising Mobily.
Mobily overhauled its management team earlier this year, following an accounting scandal.