stc Group, an engine of digital transformation in the MENA region, has announced that its subsidiary TAWAL has officially begun operations in Europe, following the completion of TAWAL’s acquisition of United Group’s telecom tower assets in Bulgaria, Croatia and Slovenia in April.
Related: TAWAL Drives stc’s Expansion With EUR1.2 Billion Acquisition in Europe
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 in TAWAL’s expansion plan, following the launch of TAWAL Pakistan in 2022. TAWAL’s tower portfolio now exceeds 21,000 towers across five countries.
Related: stc’s TAWAL Expands Reach With Pakistan’s AWAL Acquisition
By tapping into the European market’s growth potential — particularly with regards to the roll-out of 5G and the adaptation of mobile services — TAWAL aims to ensure a reliable, effective and efficient ICT infrastructure network for all mobile network 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.
TAWAL CEO Mohammed Alhakbani said, “We are delighted to launch our operations in Europe. This achievement constitutes an important turning point for TAWAL to expand its footprint 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.”
Exclusive: TAWAL: Enabling the Digital Economy’s Efficient and Scalable Infrastructure
