Zain and I Want finalize Tower Platform deal
Ureed Group and Zain Group announced the successful closure of their first transaction to establish a shared regional towers platform that consolidates each of their towers assets. The platform includes approximately 4,000 telecom towers, aiming to enhance digital infrastructure efficiency and expand service coverage across regional markets. This unified platform contributes to achieving economies of scale and improving capital efficiency, while supporting the delivery of "Infrastructure as a Service" solutions to telecom operators. There is also potential for acquiring additional assets in the future once regulatory approvals are obtained. This step is considered significant in developing sustainable and efficient digital infrastructure in the region, with plans for future expansion.
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