Zain, Ooredoo close first phase of tower venture

Zain Group and Ooredoo Group completed the first closing of their joint tower platform, combining the assets of Zain Kuwait and Ooredoo Qatar — about 4,000 towers in total. Each operator holds a 50% stake, and the venture was valued at $2.2 billion when announced in 2023.

• The platform combines around 4,000 towers from Zain Kuwait and Ooredoo Qatar
• Zain and Ooredoo each hold a 50% stake in the joint venture
• The deal was announced in 2023 with a $2.2 billion valuation
• The full project targeted nearly 30,000 towers across six MENA markets