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BRIEF-Zain Kuwait signs agreement to sell and lease back towers
October 10, 2017 / 6:14 AM / 2 months ago

BRIEF-Zain Kuwait signs agreement to sell and lease back towers

Oct 10 (Reuters) - MOBILE TELECOMMUNICATIONS COMPANY

* SIGNS AGREEMENT WITH IHS HOLDING IN PARTNERSHIP WITH TOWERSHARE MANAGEMENT TO SELL AND LEASE BACK MORE THAN 1,600 TOWERS WORTH ABOUT $165 MILLION

* SAYS CO TO RETAIN MINORITY INTEREST IN NEW ENTITY WHICH WILL OWN THE TOWERS

* EXPECTS COMPLETION OF TOWER SALE AND LEASE BACK DEAL IN Q1 2018 Source text for Eikon: Further company coverage:

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