STC Group‘s subsidiary, TAWAL, has made a significant stride by commencing operations in Europe, a development confirmed by the Saudi Press Agency. This announcement comes on the heels of TAWAL’s successful acquisition of telecom tower assets from United Group in Bulgaria, Croatia, and Slovenia on April 25, 2023. The move underscores STC Group’s strategic intent to expand its horizons and fortify its presence, having secured the requisite approvals from pertinent regulatory bodies.
TAWAL now owns and operates over 4,800 sites across Bulgaria, Croatia and Slovenia, providing operation services to its new clients in these countries. This acquisition represents the second step of TAWAL’s expansion plan following the launch of TAWAL Pakistan in 2022. The total towers portfolio of TAWAL is now exceeding 21,000 towers across five countries.
Tapping into the European market’s growth potential — particularly with regards to the roll-out of 5G and adaptation of mobile services — TAWAL aims to ensure a reliable, effective and efficient ICT infrastructure network to all Mobile Networks Operators (MNOs) in these markets. TAWAL aims to bring significant investments, best processes and practices, as well as innovative products to its portfolio. The company will leverage its expertise in managing critical and robust infrastructure across KSA to bolster the European markets by accelerating the deployment of ICT infrastructure in those markets.
Commenting on the development, Mohammed Alhakbani, CEO of TAWAL, said: “We are delighted to launch our operations in Europe. This achievement constitutes an important turning point for TAWAL to expand its footprints to other important markets. Leveraging our resources and best practices, we aim to bring even more value to the European markets by enabling our customers to operate more effectively and efficiently.”
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