Saudi tower consolidation rolls on as state fund completes TAWAL buy
Saudi Arabia’s sovereign wealth fund PIF completes combination of existing tower assets with those of TAWAL, creating new player with 30,000-mast portfolio. Move marks another step towards achieving objectives of country’s Vision 2030 strategy…
This article includes:
- Organisations: Golden Lattice Investment Company (GLIC); Mobily; Public Investment Fund (PIF); stc Group; Sultan Holding Company; TAWAL; Telefónica; United Group; Zain Saudi Arabia.
- Geographies: Bulgaria; Croatia; Europe; Middle East; Pakistan; Saudi Arabia; Slovenia.
- People: Prince Saud bin Fahd bin Abdulaziz; Prince Sultan bin Mohammed bin Saud Al Kabeer; Raid Ismail.
- Themes: 5G; Digital infrastructure; Investment; Mobile operators; Mergers and acquisitions (M&A); TowerCos; Towers.
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