Meysan is pleased to announce its pivotal role in advising Ooredoo Kuwait on a landmark transaction involving its towers in Kuwait for the creation of the largest independent tower company in the MENA region, boasting a combined value of 2.2 billion USD. Our team at Meysan played a crucial role in this monumental transaction, undertaking comprehensive vendor due diligence related to Ooredoo Kuwait’s towers. The team was instrumental in shaping all-encompassing project documentation for Ooredoo Kuwait comprising transaction and closing documents, which are yet to be processed and materialized. In addition, Meysan provided vital counsel to Ooredoo Kuwait and group on all capital markets considerations and requisites including, necessary valuation exercises, corporate approvals and disclosures. Our expertise in this arena ensured a comprehensive and compliant approach to all aspects of the transaction.
The newly formed entity is set to interconnect over 30,000 telecommunication towers spanning Qatar, Kuwait, Algeria, Tunisia, Iraq, and Jordan. This strategic move firmly establishes the MENA region on the global telecom tower map. Operating under an independent model, the restructured company will provide passive infrastructure as a service throughout the region.
As the transaction progresses towards its closing phase, Meysan will continue to play a key role in closing the process. Our team is actively involved in assisting the parties in meeting the Kuwait conditions precedent for closure. This involves navigating through regulatory requirements, filing necessary applications, and obtaining all regulatory approvals to ensure a successful conclusion to this transformative venture.
Meysan’ expert legal team, led by partner Tarek Yehya and Senior Associate Lama Abou Ali, navigated the complexities of this cross-border deal. The team’s dedication and expertise contributed to the realization of this significant milestone, solidifying our commitment to delivering exceptional legal expertise in complex transactions within the region.
“We are thrilled to have collaborated with Ooredoo Kuwait on this groundbreaking deal,” expressed Tarek Yehya, partner Meysan. “The creation of this tower company marks a significant milestone for the leading telecom operators and reinforces the MENA region’s prominence in the global telecommunications landscape.”
With a commitment to excellence, Meysan stands as a trusted partner in navigating complex transactions and legal matters.
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