Saudi Telecom Said to Weigh Sale or Merger of Tower Network

  • The phone operator has reached out to potential bidders
  • Company also approached Mobily, Zain with plan to merge assets

A woman checks her phone at a flower shop in Riyadh.

Photographer: Fayez Nureldine/AFP via Getty Images

Saudi Telecom Co. has approached potential bidders for its phone towers as the kingdom’s biggest telecommunications operator weighs options for the infrastructure assets, people familiar with the matter said.

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