Market incumbent Saudi Telecom has agreed to purchase an undisclosed number of towers from fixed-line operator Etihad Atheeb Telecom for SR230m (US$61.3m). The deal comes after Saudi Telecom’s MoU with Etihad Etisalat – operating as Mobily – “to jointly explore options for extracting value from their respective telecommunications tower portfolio” failed to materialise in a transaction. Market incumbent Saudi Telecom (TASI:7010) has agreed to purchase an […]