Linklaters advised Zain Saudi Arabia (Zain KSA) on the sale and leaseback of its entire portfolio of 8,069 telecoms towers in Saudi Arabia to investors led by the Public Investment Fund of Saudi Arabia (PIF).
Zain Group announces that the Board of Directors of Zain Saudi Arabia (Zain KSA) has approved the binding offer submitted by the Kingdom’s Public Investment Fund (PIF) led consortium to acquire a 80% majority stake in Zain KSA’s 8,069 passive tower infrastructure for a value of SAR 3.026 billion ($807 million).
Also in today s EMEA regional roundup: Zain KSA sells towers; Vodafone collaborates on open RAN use case; Telenor s Myanmar sale prompts investor unease.