Batelco Moves To Sell And Leaseback Towers In Bahrain, Jordan

Bahrain's incumbent telecoms operator Batelco plans to sell and leaseback telecoms towers in Bahrain and Jordan, reports Reuters. The operator has reportedly hired Citigroup to help with the sale, which may generate US$200-300mn. This development is in line with CFW's view of the implementation of tower sharing telecoms models by operators keen to improve cost efficiencies amid flat-lining or declining revenue growth.

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