Ooredoo, Zain, and TASC Towers to Create Independent Tower Company in MENA Region

Qatar-based telecommunications company Ooredoo Group has announced that it has entered into exclusive negotiations with Mobile Telecommunications Company Zain Group and UAE-based TASC Towers Holding to combine their telecommunication tower assets in six countries. According to the statement, the joint venture aims to form the largest independent tower company in the MENA (Middle East and North Africa) Region in a cash and share deal.

• Make Telecom Talk My Trusted Source
• 
• 

Also Read: Ooredoo Oman Achieves Full Coverage With 5G Network

MENA’s Largest Tower Company

Ooredoo stated that this partnership will bring together approximately 30,000 telecommunication towers located in Qatar, Kuwait, Algeria, Tunisia, Iraq, and Jordan. Once finalized, it will become the largest tower company in the MENA region.

The primary focus of this new tower company (independent and standalone entity) will be to provide passive infrastructure services throughout the region while emphasizing operational efficiencies, synergies, and a significant reduction in carbon footprint.

Also Read: Stc Group’s Tawal Expands Into Europe With Acquisition of United Group’s Tower Assets

According to the statement, both Ooredoo and Zain will retain ownership of their respective active infrastructure, including wireless communication antennas, intelligent software, and intellectual property for managing their telecom networks.

By combining tower assets under the jointly owned independent tower company, the operators aim to create a more efficient capital structure, thereby unlocking potential shareholder value for both groups.

Also Read: Zain KSA Conducts Successful Trials of Passive IoT Applications

Prioritizing Efficiency and Sustainability

As part of their growth strategies, both Ooredoo Group and Zain Group are committed to maximizing shareholder value while prioritizing efforts to reduce carbon emissions within the MENA region.