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It presents market share and growth drivers, including additional tenancies, VAS upsides, and simplified tower economics. It also details operational protection through SLAs and new site delivery approach, covering strategic site protection, inflation risk management via CPI caps and collars, and currency derisking through local-currency fees and protections.",{"@graph":69,"@context":122},[70,84,105],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":40,"@type":76,"position":81},"https://docshare.wps.com/document/research-report/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/the-formation-of-the-leading-towerco-in-mena-market-share-scale-benefits-and-risk-protection/266011/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/the-formation-of-the-leading-towerco-in-mena-market-share-scale-benefits-and-risk-protection/266011.png","ImageObject",300,407,{"name":92,"@type":93},"Ophelia","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-11-09","2026-09-14",true,{"@type":102,"interactionType":103,"userInteractionCount":52},"InteractionCounter",{"@type":104},"ViewAction",{"@type":106,"mainEntity":107},"FAQPage",[108,114,118],{"name":109,"@type":110,"acceptedAnswer":111},"What is “NEW TASC” intended to achieve in the MENA region?","Question",{"text":112,"@type":113},"“NEW TASC” is presented as the leading tower operator in MENA, using scale, standardization, and partnerships to capture tenancy growth and improve predictability for operators.","Answer",{"name":115,"@type":110,"acceptedAnswer":116},"How does the document explain scale benefits and operational advantages?",{"text":117,"@type":113},"It highlights operating scale for functional expertise, standardization and procurement, energy savings initiatives, stronger relationships with regional regulators, and financing benefits supported by strong anchor shareholders.",{"name":119,"@type":110,"acceptedAnswer":120},"What risk protection measures are described for strategic operations?",{"text":121,"@type":113},"The document discusses operational protection via SLAs and new site delivery, strategic site protection, inflation protection through CPI caps and collars with partial CPI flow-through on rent escalators, and currency derisking by paying service and rent fees in local currency.","https://schema.org",{"og:url":83,"og:type":124,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":126,"canonical":83},"index,follow",{"doc_id":128,"site_id":62},266011,1789403250,{"code":4,"msg":5,"data":131},{"doc_id":128,"user_id":132,"nickname":92,"user_avatar":133,"doc_module":4,"category_id":39,"category_name":40,"doc_title":65,"doc_description":67,"doc_content":134,"file_id":135,"file_url":136,"file_type":137,"file_size":138,"view_count":52,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":139,"language":140,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":141,"faqs":142,"seo_title":143,"seo_description":67,"update_tm":129,"read_time":144,"preview_page_count":4},7971461741311,"https://ap-avatar.wpscdn.com/avatar/74000253aff267980c6?x-image-process=image/resize,m_fixed,w_180,h_180&k=1779345379180704826","THE FORMATION OF  \nTHE LEADING  \nTOWERCO IN MENA  \nLeading tower operator in MENA  \n“NEW TASC” will be the leading tower operator in the MENA region  \nMARKET SHARE IN MENA  \n[ \\# TOWERS SHARE OF MENA REGION]  \nQ4-19A  \nSCALE BENEFITS  \nQ4-20A Q4-21A Q4-22A Q4-23E  \n“NEW TASC” Tower Market Share [29k towers]  \n10.0%  \n• Operating Scale for Functional Expertise, Standardization & Procurement, Energy Savings Initiatives etc.  \n• Expertise for Regional Operator & Regulator Relationships as opposed to Single Country Operators  \n• Financing Benefits based on Scale and Strong Anchor Shareholders  \nSolid partnership for Ooredoo  \nRobust partnership with “NEW TASC” sustainably protects Ooredoo’s operations & economics  \nOPERATONAL PROTECTION  \nSOLIDSLAs & APPROACH TO NEW SITE DELIVERY  \nPROTECTION OF STRATEGIC INTEREST  \nSTRATEGIC SITES CONCEPT FOR OOREDOO  \nINFLATION PROTECTION  \nCPI CAPS & COLLARS  \nPARTIAL FLOW THROUGH OF CPI ON RENT ESCALATORS  \nCURRENCY DERISKING  \nSERVICE & RENT FEES PAID IN LOCAL CURRENCY  \nSYNERGIES  \nPARTICIPATION IN CONSOLIDATION SYNERGIES  \nPARTICIPATION IN BENEFITS FROM TENANCY GROWTH  \nMECHANISM IN PLACE FOR BENEFITING FROM TENANCY UPLIFTS  \nPARTICIPATION IN FUTURE VALUE APPRECIATION OF “NEW TASC”  \nOOREDOO WILL REMAIN A SUBSTANTIAL SHAREHOLDER IN “NEW TASC”  \nWIN-WIN Business model  \nAdditional tenancies will drive growth in profits. Tower carve out & independent management facilitates a non-yielding asset to become a yielding asset  \nSIMPLIFIED & ILLUSTRATIVE TOWERCO ECONOMICS  \nAnnual Cost per Tower  \n$40k  \n$30k  \n$20k  \n$10k  \nIncrease Tenancies/ Tower & VAS  \n Fixed Cost  Variable Cost ~~ ~~ Total Cost  Revenues  \nOperating  \nProfits  \nOperating Efficiency  \nRenegotiate  \nRentals  \n1 2 3 Tenancies/ Tower  \nSTRONG OPERATING LEVERAGE  \nTYPICAL VALUE LEVERS  \nRationalization of Land Leases & Rentals  \nCost & Investment Optimization Through  \n• Pooling of Demand (e.g. Maintenance)  \n• Standardization of Site Builds/Configuration  \n• Operational focus on areas like Fuel Pilferage, Generator Replacements or General Energy Savings ( 􀃖 ESG Impact)  \nOnboarding of New Tenants  \n• New Site Demand driven by  \n• Mobile Data Growth  \n• Drive for Good Network Experience  \n• Coverage Augmentation  \n• Consolidation of Overlapping Site Portfolios  \n• Long-Term: exploring new tenancy categories  \nEfficient Financing Structures  \n• Using more debt leverage in light of different business model to improve return profile  \nPredictable & attractive economics  \nThe new tower company will benefit from industry trends and high reliability on financials  \nSources: 1) Ericsson Mobile Data Traffic Outlook, July 2023  \nContinued Surge in Mobile Data Demand Given Dominant Role Of Wireless Networks for Mobile & Stationary Broadband Connectivity in MENA  \nMENA Region: GB/Month per User at 2.3x in ‘28 vs. ‘231)  \nOpportunities from 5G Network Transition Available In Several Footprints with No 5G Launch Yet or Only Recent Launch (Iraq, Algeria, Tunisia, Jordan)  \nUpsides From Additional Revenues (Lifts In Tenancy)–“New TASC” will be operated as Independent TowerCo Offering Colocations In Markets With No Or Only Limited Offers So Far  \nReliable Investment-Grade Tenants – Solid Anchor Tenants That are Anchor Shareholders of “New TASC” and Have Long Run Tenancy Contracts & Substantial BTS Commitments  \nOperating Scale – “New TASC” will be the Largest CrossCountry Tower Platform Focused in the MENA Region  \nSolid Demand for  \nNew Sites & Tenancies  \nfrom Operators  \nPREDICTABILITY  \nfor Operators  \nTwo anchor shareholders  \n“NEW TASC” will have the support of two strong shareholders but will be managed by an independent management team  \nOwnership: 49.3%  \nShareholders: Qatar Investment Authority Retirement & Pension Fund Qatar  \nRatings: A/A-11) (Stable Outlook), A22) (Stable Outlook)  \nOwnership: 49.3%  \nShareholders: Kuwait Investment Authority Omantel  \nOverview: Ooredoo is a leading operator in the MENA region serving its customers i","cbCaikN3E4a0pwKn","https://ap.wps.com/l/cbCaikN3E4a0pwKn","pdf",818477,15,"English","# Market share in MENA\n## “NEW TASC” tower market share\n# Scale benefits\n## Functional expertise and standardization\n## Partnerships and financing advantages\n# Operational protection\n## SLA and new site delivery\n## Strategic interest protection\n# Inflation and currency protections\n## CPI caps & collars\n## Currency derisking in local currency\n# Synergies and growth mechanisms\n## Consolidation and tenancy growth benefits\n## Future value participation\n# Simplified towerco economics\n## Annual cost per tower and operating leverage\n# Financing and investment predictability\n## Efficient financing structures\n# Strategic importance to Ooredoo & Zain\n## Passive infrastructure provider and anchor tenants\n# Data demand and tenancy opportunities\n## Data usage per SIM and growth markets","[{\"question\":\"What is “NEW TASC” intended to achieve in the MENA region?\",\"answer\":\"“NEW TASC” is presented as the leading tower operator in MENA, using scale, standardization, and partnerships to capture tenancy growth and improve predictability for operators.\"},{\"question\":\"How does the document explain scale benefits and operational advantages?\",\"answer\":\"It highlights operating scale for functional expertise, standardization and procurement, energy savings initiatives, stronger relationships with regional regulators, and financing benefits supported by strong anchor shareholders.\"},{\"question\":\"What risk protection measures are described for strategic operations?\",\"answer\":\"The document discusses operational protection via SLAs and new site delivery, strategic site protection, inflation protection through CPI caps and collars with partial CPI flow-through on rent escalators, and currency derisking by paying service and rent fees in local currency.\"}]","THE FORMATION OF THE LEADING TOWERCO IN MENA - Market share, scale benefits and risk protection | PDF",38]