Mobily’s Telecom Tower Sale Said to Attract American Tower, IHS - Bloomberg Business:
"Saudi Arabian mobile operator Etihad Etisalat Co. is attracting interest from companies including American Tower Corp. and IHS Nigeria Plc for its cellular-tower network, according to two people with knowledge of the matter.
The sale could be worth about $2 billion, the people said, asking not to be identified as the information is private. Mobily, as the Saudi Arabia company is known, is being advised by TAP Advisors, the people said. Talks are at an early stage and formal bids haven’t yet been submitted, the people said.
Carriers are selling towers in emerging markets such as the Middle East and Africa to reduce exposure to costly infrastructure. Kuwait’s largest mobile-phone operator is working with Citigroup Inc. on the possible sale of its tower network in two Gulf countries, which may fetch as much as $2 billion, people familiar with the matter said in January, while MTN Group Ltd. sold towers to IHS Holdings Ltd last year."
'via Blog this'
No comments:
Post a Comment