Saudi Arabia’s PIF to consider bidding for Ooredoo’s tower unit

FILE PHOTO: Men look at the logo of Qatar Telecom Ooredoo, formerly Qatar Telecom Qtel, as they walk past the company's head office in Doha March 16, 2013. REUTERS/Fadi Al-Assaad

RIYADH: Saudi Arabia’s Public Investment Fund (PIF) is among suitors weighing a final bid for network towers being sold by Qatari telecommunications firm Ooredoo QPSC, people familiar with the matter say.

American Tower Corp, IHS Holding Ltd and Helios Towers Plc are also considering binding offers for all or part of the portfolio, according to people, who asked not to be identified as the matter is private.