Riyadh – Mubasher: Mobile Telecommunication Company Saudi Arabia's (Zain) board decided exploring the sale of its passive tower infrastructure with a consortium comprised of TASC SAL and ACWA Holding.
There is no binding agreement and there is no certainty that discussions with TASC SAL and ACWA Holding will lead to a transaction, the company said in a bourse filing on Thursday.
The company also noted that the transaction is subjected to the approval of the regulatory authorities in KSA and the parties. Zain will make further announcements regarding material changes if any.
