Deals
Digital Bridge Said to Be a Lead Bidder in Mobily Tower Sale
- Saudi Arabian mobile towers could fetch as much as $2 billion
- Infrastructure firm is also bidding for Zain's Kuwait towers
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Digital Bridge Holdings is among the leading bidders for Etihad Etisalat Co.’s portfolio of wireless towers in Saudi Arabia, a sale that could fetch as much as $2 billion, according to people with knowledge of the matter.
Digital Bridge’s bid is backed by state-owned Saudi Arabian Oil Co., known as Aramco, and emerging markets-focused buyout firm Abraaj Group, the people said, asking not to be identified as the information is private. Etihad Etisalat, which operates under the Mobily brand, and Digital Bridge haven’t reached a final agreement on the sale, the people said.