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PIF and STC Group sign deal to form region s largest telecom tower company, Access Evolution

PIF and STC Group sign deal to form region s largest telecom tower company, Access Evolution
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Eurobites: BT drafts in McKinsey man to head up new strategy and change unit

Saudi PIF, stc Group Sign Agreements to Form Region s Largest Telecom Tower Company

Saudi Arabia’s Public Investment Fund (PIF) and Saudi Telecommunications Company (stc Group) announced on Monday the signing of definitive agreements whereby PIF will acquire a 51% stake in Telecommunication Towers Company Limited (TAWAL) from stc Group. TAWAL is the largest telecommunications infrastructure company in Saudi Arabia and one of the largest in the region, with an enterprise value of $5.85 billion per the agreement.

PIF s purchase of TAWAL part of wider tower strategy, says TowerXchange

Saudi Arabia’s Public Investment Fund (PIF) has agreed to acquire a 51% stake in Saudi Telecom Company (stc’s) carve out towerco TAWAL.

Saudi s PIF to buy Tawal as tower industry consolidation continues

Saudi s PIF to buy Tawal as tower industry consolidation continues
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