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Zain to shed tower assets after Middle East conflicts spur financial woes and management shuffle

Connectivity BusinessbyConnectivity Business
March 13, 2017
in Investments, Space Services, Strategy and Markets
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Zain aims to slash debt by selling its tower infrastructure to a local Kuwaiti buyer amid changes in management after disappointing financial results. The telco’s vice chair and newly-appointed CEO Bader Nasser Al-Kharafi (pictured) confirmed the sale at a shareholder meeting without disclosing further details. Zain (KSE:ZAIN) aims to slash debt by selling its tower infrastructure to a local […]

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Tags: American TowerDigital BridgeEaton TowersHelios TowersIHS HoldingMiddle EastMobilyPremiumProtelindoSBA CommunicationsSTC (Saudi Telecom Company)TF254TowershareZainZain IraqZain KSAZain Kuwait
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