Ooredoo reportedly discussing towers sale

Ooredoo reportedly discussing towers sale

Ooredoo Group is reportedly considering the sale of its tower infrastructure, following a slew of other operators in raising capital through asset sales to fund growth plans.

Sources speaking to Reuters said the Qatar-based group is looking to sell domestic and international towers, and that negotiations are taking place and there is no certainty on a sale. The sources did not detail who the interested parties are or how much the company is looking to raise from a potential sale. 

Ooredoo declined to comment to the news agency.

The company recently confirmed its exit from Myanmar, following rival Telenor out of the country which is seeing mounting political turmoil in the past 18 months

Operators in the Philippines have been active in the sale of their tower assets as they look to fund network expansions to fund their 5G deployments and new growth channels.

Converge ICT Solutions is reportedly in negotiations to sell shares of its infrastructure platform to raise around US$1 billion. Meanwhile, Globe Telecom and PLDT recently wrapped up separate billion-dollar tower deals.

Sign-up to our weekly newsletter

Keep up-to-date with all the latest news, articles, event and product updates posted on Developing Telecoms.
Subscribe to our FREE weekly email newsletters for the latest telecom info in developing and emerging markets globally.
Sending occasional e-mail from 3rd parties about industry white papers, online and live events relevant to subscribers helps us fund this website and free weekly newsletter. We never sell your personal data. Click here to view our privacy policy.