Zain KSA, Mobily to establish a joint tower company

7 Jul 2020

Zain KSA has signed a non-binding Memorandum of Understanding (MoU) with Etihad Etisalat (Mobily) for the establishment of a joint committee tasked with preparing a request for proposal (RFP) to buy the telecoms towers owned by the two companies, merge them into one company with other investors or operate them on their behalf. The collaboration aims to ‘raise participation in telecom towers to achieve maximum efficiency’, under the supervision of the Communications and Information Technology Commission (CITC). The agreement is subject to regulatory approvals and conditions, as well as internal approvals.