Saudi Arabia Forges Telecom Tower Titan

Saudi Arabia Forges Telecom Tower Titan

Arabian Post -Saudi Arabia is poised to become a regional leader in telecommunications infrastructure with the announcement of a major collaboration between the Public Investment Fund (PIF) and the Saudi Telecommunications Company (STC). The partnership aims to establish the Middle East’s biggest telecom tower company, boasting an extensive network and promising significant economic benefits. Through this strategic alliance, PIF will acquire a controlling stake in TAWAL, STC’s existing tower […]

via Saudi Arabia Forges Telecom Tower TitanArabian Post -

Saudi Arabia is poised to become a regional leader in telecommunications infrastructure with the announcement of a major collaboration between the Public Investment Fund (PIF) and the Saudi Telecommunications Company (STC). The partnership aims to establish the Middle East’s biggest telecom tower company, boasting an extensive network and promising significant economic benefits.

Through this strategic alliance, PIF will acquire a controlling stake in TAWAL, STC’s existing tower infrastructure unit. This acquisition will lay the groundwork for the creation of a new entity. The merged company will combine TAWAL’s assets with those of Golden Lattice Investment Company (GLIC), another telecom tower infrastructure company already under PIF’s majority ownership.

The consolidated entity is expected to be a formidable force in the regional telecom landscape. With an impressive