Three Saudi telcos plan to create tower company

Riyadh - Etihad Etisalat (Mobily) in November said it was considering selling its towers, most likely to a tower company which would lease these back to the seller.

By Reuters

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Published: Wed 10 Feb 2016, 11:00 PM

Last updated: Thu 11 Feb 2016, 8:51 AM

 Saudi Arabia's three telecom operators are in talks to create a company to own and manage their mobile transmitter towers in a move that could cut costs and lower tariffs in the kingdom, a Saudi financial news website reported.
Etihad Etisalat (Mobily) in November said it was considering selling its towers, most likely to a tower company which would lease these back to the seller.
But Maaal said Mobily along with Zain Saudi and former monopoly Saudi Telecom Company (STC) are in talks to establish a company that would share ownership of the trio's towers.
Maaal said the deal would provide savings of up to 70 per cent and enable the operators to cut tariffs.


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