Saudi Telecom Company (STC) [7010.SE] and Mobily [7020.SE] are currently seeking a joint advisor to merge their mobile tower assets, according to unnamed sources. A request for proposal has been sent by both companies to investment banks.
Saudi Telecom Company: SAR67.22 as of 16 Mar. 2017, Rating: Neutral, TP: SAR68.29/share, MCap: USD35,851mn, STC AB/7010.SE
Mobily: SAR21.81 as of 16 Mar. 2017, Rating: Neutral, TP: SAR24.53/share, MCap: USD4,478mn, EEC AB/7020.SE
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