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Airit Group and Zain Group announced that the Kuwait Competition Protection Agency has approved the joint venture to establish a telecommunications towers platform. This involves merging their respective telecommunications tower portfolios across multiple markets, with ownership shared equally and under joint control by both sides. This approval is a significant step in executing the deal, although its completion remains subject to other closing conditions, including obtaining final regulatory approvals. Currently, there are no final figures available regarding the financial impact of the transaction, and efforts continue to complete related procedures and ensure compliance with all regulatory requirements.
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