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PIF Agreed To Acquire A 51% Stake In TAWAL: Saudi s PIF and STC agree deal to create region s largest telecom tower company, ET Telecom

PIF Agreed To Acquire A 51% Stake In TAWAL: Under the agreement, PIF and STC will combine TAWAL and Golden Lattice Investment Company (GLIC) to set up a newly-formed company with around 30,000 mobile tower sites and estimated annual revenues of around $1.3 billion, they said in a joint statement.

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