According to Maaal, the three mobile number operators (MNO) in Saudi Arabia, Saudi Telecom Company (STC) [7010.SE] , Mobily [7020.SE] and Zain KSA [7030.SE], are in advanced talks to establish a co-owned (with varying stakes) tower company. This comes following signals of a tower sale made by Mobily and Zain KSA. According to the source, this should reduce tower capex, maintenance and operating expenses by 70%. KSA now has c34,000 towers with 50% (17,000) of that owned by STC, while Mobily owns 10,000 and Zain KSA owns 6,500. (Maaal)   Saudi Telecom Company: SAR63.23 as of 09 February 2016, Rating: Buy, FV: SAR79.00 per share, MCap: USD33,723 million, STC AB / 7010.SE Mobily: SAR23.00 as of 09 February 2016, Rating: Neutral, FV: SAR30.39 per share, MCap: USD4,723 million, EEC AB / 7020.SE Zain KSA: SAR5.95 as of 09 February 2016, Rating: Neutral, FV: SAR9.49 per share, MCap: USD926 million, ZAINKSA AB / 7030.SE