PIF Acquires Majority Stake in TAWAL, Set to Create Largest Telecom Tower Company in the Region
Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), has finalized a deal to buy a majority 51% share in Telecommunication Towers Company Limited (TAWAL) from STC Group (7010.SE). This acquisition marks a significant step towards establishing the largest telecom tower company in the region, according to a statement released by PIF and STC […]
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