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Zain Saudi in talks to sell mobile towers to TASC and ACWA
December 22, 2016 / 1:20 PM / a year ago

Zain Saudi in talks to sell mobile towers to TASC and ACWA

DUBAI, Dec 22 (Reuters) - Zain Saudi is in talks to sell its mobile transmitter towers to a consortium comprised of TASC SAL and ACWA Holding IPO-ACWA.SE, Saudi Arabia’s No. 3 telecom by revenue said in a bourse statement on Thursday.

Zain Saudi, 37 per cent owned by Kuwait’s Zain Group , said there was no binding agreement or certainty discussions would lead to a transaction and that regulatory approval would be required for any deal. (Reporting by Alexander Cornwell; Editing by Alexander Smith)

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