Saudi Telecom Company subsidiary has announced entry into Pakistan via a full acquisition of tower provider AWAL Telecom.
TAWAL, a subsidiary of the Saudi Telecom Company (STC), announced to expand the company operations to International market with step in into Pakistan’s market via a full acquisition of AWAL Telecom. Upon finalizing the deal AWAL will be rebranded as TAWAL Pakistan, bringing capital investment, processes, and expertise to the South Asian market as well as introducing products to its portfolio. Pakistan offers huge investment opportunities in the telecom sector with 189 million cellular subscribers, 108 million 3G/4G subscribers, and 110 million broadband subscribers, Pakistan Telecommunication Authority data shows.
TAWAL officials said the company was exploring opportunities in key markets regionally and globally.
Pakistan has said it will launch 5G services by the end of this year and has set up an advisory committee to define a roadmap and finalize recommendations for technology readiness.