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Ooredoo Bags Kuwait Competition Authority Approval for Tower Joint Venture With Zain Group

MT Newswires·09/23/2026 23:35:59
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11:35 PM EDT, 09/23/2026 (MT Newswires) -- Ooredoo (ADX:ORDS) and Kuwait-based telecom and digital services company Zain Group got clearance from the Kuwait Competition Protection Authority for the economic concentration relating to their planned tower joint venture. The agreement remains subject to other closing conditions, including internal and regulatory approvals, the Abu Dhabi-listed telecommunications group said Wednesday. Both sides signed definitive deals to set up an equally owned and jointly controlled tower platform across several markets on Dec. 5, 2023.