What TASC Towers does

TASC Towers is an independent telecommunications infrastructure company headquartered in Dubai, UAE, that builds, owns, and operates neutral-host passive communications infrastructure across the Middle East and North Africa (MENA) region. The company serves mobile network operators (MNOs) through a portfolio of services including sale-and-leaseback transactions, colocation and multi-tenant sharing, build-to-suit delivery, operations and maintenance, and power and energy solutions. Its primary customers are Zain Group and Ooredoo Group, both anchor tenants and 49.3% shareholders of the post-merger entity, with operational presence currently in Jordan and Iraq and expansion underway into Qatar, Kuwait, Algeria, and Tunisia.

The company's product portfolio spans ground-based and rooftop towers, in-building solutions, small cells, smart poles, and a power and energy offering that includes hybrid power modernization using lithium-ion batteries, solar integration, and smart cooling aligned with a stated 2050 Net-Zero target. At the core of operations is an AI-powered infrastructure platform that manages site identification through commissioning, remote monitoring, power and fuel logistics optimization, and proactive performance management across the tower portfolio. The company was founded in 2021 by Iyad Mazhar through Digital Infrastructure Assets LLP and is now led by CEO Kamil Hilali, appointed October 2025.

TASC's business model is anchored by long-term sale-and-leaseback contracts (15-year tenors) with telecom operators, supplemented by recurring colocation fees, build-to-suit deployment fees, and operations and maintenance services. Revenue is generated on a managed services basis across multiple streams rather than through direct product sales. Following the December 2023 USD 2.2 billion merger combining approximately 30,000 towers from Zain and Ooredoo, the company expects to achieve USD 500 million in annual run-rate revenue and EBITDAaL exceeding USD 200 million upon completion of all market closings, with the first tower closing expected in June 2026.

Name

TASC Towers

Legal name

TASC Towers Group

Website

https://tasctowers.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

101–250 employees

Short description

TASC Towers is an independent telecommunications infrastructure company headquartered in Dubai, UAE, that builds, owns, and operates neutral-host tower infrastructure across the MENA region, serving mobile network operators through sale-and-leaseback, colocation, build-to-suit, and operations and maintenance services under 15-year contracts.

Ownership category

akta.pro rank

Headquarters

HQ city

Dubai

HQ country

United Arab Emirates

HQ region

Middle East

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Technology or R&D, Personnel, Supply Chain, Marketing or Sales

Revenue model

1. Sale and Leaseback Services: TASC Towers acquires tower assets from telecom operators through sale-and-leaseback arrangements, where operators sell their passive infrastructure (towers) and lease them back on long-term contracts (typically 15 years), allowing operators to unlock capital while retaining network access.
2. Colocation and Multi-Tenant Sharing: Neutral-host colocation services allowing multiple mobile network operators to share tower infrastructure, generating incremental revenue per tenant on shared assets.
3. Build-to-Suit: Turnkey new-site delivery services where TASC builds tower infrastructure to specification for operators, generating one-time deployment fees and long-term tenancy revenue.
4. Operations and Maintenance: Preventive and corrective maintenance services, power equipment management, and site management for tower infrastructure.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

TASC Towers builds, owns, and operates neutral-host communications infrastructure including ground-based and rooftop towers, in-building solutions, small cells, and smart poles across the MENA region. Its core services include tower colocation, build-to-suit delivery, sale-and-leaseback transactions, operations and maintenance, and hybrid power and energy solutions delivered through an AI-powered infrastructure platform for mobile network operators.

Product overview

TASC Towers is an independent TowerCo that builds, owns, and operates neutral-host communications infrastructure across the MENA region. The company operates as a platform-plus-modules architecture, with its AI-Powered Infrastructure Platform serving as the core technology foundation enabling all service delivery. The platform provides end-to-end passive infrastructure services organized into three main solution categories: (1) Core Tower Infrastructure encompassing Ground Base & Rooftop Towers, Colocation Services, Build-to-Suit, and Sale & Leaseback; (2) Alternative Solutions including In-Building Solutions, Small Cell Solutions, Smart Poles, and Operations & Maintenance; and (3) Power & Energy Solutions including hybrid power, solar integration, and remote monitoring systems. The integrated portfolio enables mobile operators to expand coverage, increase capacity, and optimize network operations through shared neutral-host infrastructure.

Differentiator

Problem solved

Functional benefit

Products and services

• Ground Base & Rooftop Towers
• Colocation Services

Quantifiable outcome

• Operators can unlock capital through tower asset sale and leaseback while retaining network access
• +2 more outcomes

Named customers4 records

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature4 records

Partnerships

Two partnerships are on record, tiered core.

• Zain GroupcoreStrategic or Co-development Partner · 5 December 2023Zain Group and TASC Towers formed the largest independent tower company in MENA through a USD 2.2 billion merger combining approximately 30,000 towers. Zain retains 49.3% stake in the new entity. TASC acquired Zain's tower assets in Jordan (2,607 towers) and Iraq (4,968 towers) through sale-and-leaseback arrangements, with Zain holding a 25% minority stake in TASC Towers.
• Ooredoo GroupcoreStrategic or Co-development Partner · 5 December 2023Ooredoo Group combined its tower assets with Zain and TASC Towers to create a regional tower company spanning Qatar, Kuwait, Algeria, Tunisia, Jordan, and Iraq. Ooredoo retains 49.3% stake in the merged entity with expected run-rate revenue of USD 500 million annually and EBITDAaL exceeding USD 200 million.

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• IHS Towers: Africa's largest independent TowerCo operating ~40,000 towers across multiple markets under a neutral-host sale-and-leaseback model serving major MNOs. Closest direct comparable to TASC by structure, emerging-market footprint, and MNO-customer base.
• Helios Towers: London-listed independent TowerCo operating ~14,000 sites across Africa (Tanzania, DRC, Ghana, Côte d'Ivoire, Nigeria, South Africa, Madagascar) under the same neutral-host colocation / SLB model as TASC. Highly comparable in customer profile and asset-light growth strategy.
• Vantage Towers: European TowerCo with ~46,000 sites across 10 markets, originally carved out of Vodafone's passive infrastructure; comparable neutral-host model serving a single anchor MNO at inception before diversifying. Direct strategic analog to TASC's Zain/Ooredoo origin story.

Broad incumbents

• American Tower Corporation: Global TowerCo leader with ~220,000 communications sites across the US, Asia, Africa, and Latin America. Largest incumbent in the space; comparable business model but vastly larger scale and broader geographic diversification than TASC.
• Cellnex Telecom: European TowerCo with ~112,000 sites across 12 markets, focused on telecom and broadcasting infrastructure. Comparable neutral-host TowerCo model with similar MNO anchor-tenant relationships and consolidation-led growth playbook.
• Crown Castle Inc. US-listed TowerCo with ~40,000 tower sites plus extensive fiber/small-cell assets. Comparable business model and US REIT-style structure; useful benchmark for tower cash-flow multiples though focused exclusively on the US market.
• SBA Communications: US-listed TowerCo with ~39,000 tower sites globally, serving major US MNOs under long-term leases. Comparable operational and financial structure to TASC though purely focused on developed-market tower operations.

Emerging players

• edotco Group: Asian TowerCo subsidiary of Axiata Group operating ~50,000 sites across Malaysia, Bangladesh, Cambodia, Pakistan, Sri Lanka, Myanmar, and the Philippines. Emerging-market TowerCo with comparable multi-tenant, multi-country neutral-host operating model.
• Tower Vision India: Indian independent TowerCo with ~12,500 sites serving multiple MNOs under shared-infrastructure model. Comparable emerging-market TowerCo economics and MNO-tenancy dynamics, though concentrated in a single geography.

Regional players

• Engro Enfrashare: Pakistan-based TowerCo with ~3,500+ sites, focused on neutral-host shared infrastructure for Pakistan's MNOs. Relevant emerging-market peer with similar SLB/built-to-suit offerings, though smaller in scale and limited to a single country.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/tasc-towers
• Xx.com/TASCTowers

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TASC Towers