Saudi Telecom Co and competitor Mobily could sell a large stake in a combined $2.5 billion merged towers business, three people familiar with the matter said on Wednesday.
"Talks for the merger are on, but this is subject to negotiations and terms and conditions put forth by both companies," one of the people said.
The person said the Saudi firms would look at offloading a 51 percent stake if a joint business with 15,000 towers was created.
No comments:
Post a Comment