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Zain KSA agrees to sale, lease back of tower network to IHS for USD 648 mln
2018-11-28 15:41:00| Telecompaper Headlines
(Telecompaper) Zain Group announced that the board of Zain Saudi Arabia (Zain KSA) has approved an offer to sell and lease back its mobile tower portfolio to IHS Holding for SAR 2.43 billion (USD 648 million). Under the terms of the agreement, Zain KSA is selling only its passive, physical infrastructure to IHS and will retain its intelligent software, technology and intellectual property with respect to managing its network. The agreement also involves a lease-back period of fifteen years, with a five-year renewal option, and building of an additional 1,500 towers over the next six years.
Zain Group revenues up 55% in Q3 on Saudi consolidation
2018-11-07 15:04:00| Telecompaper Headlines
(Telecompaper) Middle East mobile operator Zain Group said its revenues increased by 55 percent to KWD 403 million in the third quarter, and EBITDA reached KWD 155 million, an increase of 48 percent year-on-year, giving a 38 percent EBITDA margin. The growth was supported by Zain Saudi Arabia becoming a consolidated subsidiary during the third quarter. This contributed an additional USD 521 million in revenues and USD 194 million in EBITDA for Q3 2018.
Tags: group
saudi
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Omantel to take majority of Zain board seats
2017-11-14 01:00:00| Total Telecom industry news
Omantel on Monday nominated four new Zain directors, a move that will give it a majority on the Kuwaiti operator's board…read more on TotalTele.com »
Tags: board
majority
seats
zain
Omantel closes Zain buy
2017-11-13 01:00:00| Total Telecom industry news
Omantel is now Zain's second-largest shareholder having completed the acquisition of an additional stake in the company. The Omani incumbent announced in late October that it would purchase a 12…read more on TotalTele.com »
Zain Jordan boxing clever with innovation spin-off
2017-11-01 01:00:00| Total Telecom industry news
The extent of telco innovation in recent years has covered voice and data and not much else, according to the chief executive of Zain Jordan, who has adopted a new strategy designed to reposition his company within what he describes as the innovation ecosystem. Innovation is coming from "…read more on TotalTele.com »
Tags: jordan
innovation
boxing
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