stc Group has announced that its subsidiary TAWAL has officially begun operations in Europe.
The announcement follows the completion of TAWAL’s acquisition of United Group’s telecom tower assets in Bulgaria, Croatia, and Slovenia on April 25th, 2023, as part of stc Group’s strategy to expand and grow and after obtaining all the necessary approvals from the related regulatory organizations.
TAWAL now owns and operates over 4,800 sites across Bulgaria, Croatia, and Slovenia, providing operation services to 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 tower portfolio of TAWAL now exceeds 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 for all mobile network operators (MNOs) in these markets. TAWAL aims to bring significant investments, best processes and practices, and 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. Mohammed Alhakbani, CEO of TAWAL, said: “We are delighted to launch our operations in Europe. This achievement constitutes an important turning point for TAWAL as it expands its footprints into other important markets. Leveraging our resources and best practices, we aim to bring more value to the European markets by enabling our customers to operate more effectively and efficiently.”
