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Zain is a leading telecommunications operator across the Middle East and Africa, providing mobile voice and data services to over 48.4 million active customers as of 30 September 2021. This transaction follows similar pioneering deals with respect to 1,620 towers in Zain Kuwait and a recent announcement in Zain Saudi Arabia to sell its 8,100 tower infrastructure.įTI Capital Advisors acted as exclusive financial advisor to Zain Group on this transaction. It will also enhance operational efficiencies and enable a laser focus on the operator’s core business and customers to offer them the best mobile and data experience in the Kingdom of Jordan.” As a strategic shareholder, we are committed on supporting TASC Towers’ regional expansion in making it a leading operator of telecom infrastructure.”Īl Kharafi added, “The deal gives Zain Jordan greater flexibility to invest in network upgrades and cutting-edge ICT technologies to meet the ever-increasing demand for reliable broadband access and data consumption. TASC Towers (headquartered in Dubai, is an international tower operator focused on sale and leaseback, build-to-suit and growth capital investments in the MENEASA market (Middle East, North & East Africa and South Asia).īader Al-Kharafi, Zain Vice-Chairman of Group CEO said: “This transaction is consistent with Zain’s ‘4Sight’ strategy to create significant value for shareholders through the unlocking of capital and optimization of infrastructure assets which will flourish under the management of an independent team.