TAWAL, the leading Saudi ICT infrastructure company and one of stc Group subsidiaries, has announced its entry into Pakistan’s market via a full acquisition of Awal Telecom. The move, which is TAWAL’s first foray outside Saudi Arabia, is an initial step in the company’s international expansion roadmap.
Mohammed Alhakbani, chief executive officer, TAWAL said, “Pakistan is an exciting market with high growth potential, and TAWAL is looking forward to extending our digital transformation and ICT infrastructure development capabilities to the country. The country is witnessing growing mobile service penetration, which is creating infrastructural demand that TAWAL is ideally placed to address. We are excited about adding the AWAL team to our international operations under the TAWAL umbrella and laying the groundwork for further global expansion.”
The acquisition will see TAWAL bring significant capital investment, processes, and expertise to the market and introduce innovative products to its portfolio. The deal, which is subject to regulatory approval from the Pakistani authorities, will see AWAL rebranded as TAWAL Pakistan and form the launchpad of TAWAL’s operations in the country.
Olayan Alwetaid, chief executive officer of stc Group said, “We are very pleased of TAWAL’s entry into Pakistan market as one of stc Group subsidiaries. TAWAL is looking forward to fruitful partnerships with the country’s mobile network operators and meeting the demand for robust telecommunications infrastructure there. We believe that TAWAL is in a strong position to extend its footprint outside Saudi Arabia and are exploring opportunities in key markets regionally and globally.”
With four major mobile network operators in service, Pakistan is the fifth most populous country with over 189 million cellular subscribers and more than 108 million 3G/4G subscribers. Yet there are currently fewer than 40,000 tower sites in the country, implying significant build potential over the next several years.
Expanding its reach, TAWAL, which owns a portfolio of over 15,500 telecom towers in Saudi Arabia, is ready to provide wholesale services for infrastructure as it actively rolls out smart-city-ready technologies such as camouflage telecom towers and smart poles capable of supporting 5G and IoT devices, in-building solutions (IBS), and small cells.
