Ooredoo Group Announces Plans to Carve out Tower Portfolio

Ooredoo Group

In line with its evolved strategy to shift towards an asset-light model, Ooredoo Q.P.S.C. (QSE: ORDS) Monday announced that it is preparing for a potential carve out of its tower portfolio to extract optimal value from its infrastructure and create more value for customers and shareholders.

The companys tower portfolio comprises about 20 thousand towers spread across the countries where it operates. This transaction will allow the company to work on a deal that is suitable for target markets, attract third tenant business and create efficiencies, the company's statement published on Qatar Stock Exchange website said.

As part of the process, Ooredoo will explore strategic options that will unlock significant capital and maximize value for shareholders.

(QNA)