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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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Saudi arabiaMotaz alangariPublic investment fundGolden lattice investment companySaudi telecommunications companyTelecommunication towers company limitedSaudi visionGroup chief investment officer

Eurobites: BT drafts in McKinsey man to head up new strategy and change unit

In today's EMEA regional roundup: ETNO, GSMA welcome single market study; Nokia targets Industry 4.0 with MX Grid; towers action in Saudi Arabia.

United kingdomSaudi arabiaAllison kirkbyTom meakinEnrico lettaTelecom italiaEu digital servicesEuropean commission directoratePublic investment fundTelecommunication towers company limitedGolden lattice investment companyFinancial timesItalian prime minister enrico lettaEuropean commissionDirectorate generalServices act

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.

Saudi arabiaGroup motaz alangariSaudi telecommunications companyGolden lattice investment companyTelecommunication towers company limitedSaudi arabia public investment fundPublic investment fundSaudi visionChief investment officer

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 arabiaMotaz alangariChristopher greavesGolden lattice investment companyUnited groupZain groupKuwait headquartered zain groupSaudi vision

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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Saudi arabiaKingdom of saudi arabiaUnited groupTelecommunication towers company ltd tawalPublic investment fundGolden lattice investment coGolden lattice investment companyTelecommunication towers company ltdGolden lattice investment

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