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Qatar’s Ooredoo Prepares for Telecoms Tower Assets Sale

Qatar’s Ooredoo Prepares for Telecoms Tower Assets Sale

Monday, 26 September, 2022 - 07:00
Men look at the logo of Qatar Telecom Ooredoo, formerly Qatar Telecom Qtel, as they walk past the company's head office in Doha March 16, 2013. REUTERS/Fadi Al-Assaad (QATAR - Tags: BUSINESS TELECOMS LOGO)

Qatari telecoms company Ooredoo (ORDS.QA) is preparing for a sale of 20,000 of its towers, it said on Monday.

Ooredoo might package the deal in more than one bundle to separate investors because it could be difficult to find one buyer for the entire portfolio owing to the nature of the markets and their respective risk premiums.

There have been several such sales in recent years as telecoms companies seek to reduce debt and costs.

Deutsche Telekom (DTEGn.DE) in March started the sale of its towers operation, sources told Reuters, in a deal that could value the business at close to 18 billion euros ($17.4 billion).

Omantel (OTEL.OM) in 2021 sold 2,890 towers to Helios Towers for $575 million, and Zain (ZAIN.KW) sold 1,620 telecoms towers to IHS Holding for $130 million in 2020.

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