In a significant strategic move, STC Group’s subsidiary, TAWAL, has successfully initiated operations in Europe. This milestone comes after TAWAL’s acquisition of United Group’s telecom tower assets in Bulgaria, Croatia, and Slovenia on April 25th, 2023. The expansion into Europe aligns with STC Group’s broader growth strategy and capitalizes on the region’s evolving 5G landscape and increasing adoption of mobile services.
The Telecom Tower Assets Acquisition: STC Group, a prominent player in the telecommunications industry, revealed that TAWAL now possesses and operates an extensive network of over 4,800 sites across Bulgaria, Croatia, and Slovenia. Through these newly acquired assets, TAWAL will deliver operational services to its clients within these countries. This move represents TAWAL’s second international expansion, following its successful entry into the Pakistani market in 2022. The combined effect of these acquisitions results in TAWAL managing a total of more than 21,000 telecom towers across five countries.
TAWAL’s Perspective: Expressing enthusiasm for this development, TAWAL stated, “We are delighted to launch our operations in Europe. This achievement constitutes an important turning point for TAWAL to expand its footprints 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.”
Expertise and Infrastructure Enhancement: TAWAL’s expansion into the European market comes at a time of immense growth potential, driven by the ongoing 5G deployment and the increasing adoption of mobile services. With its proven experience in managing critical infrastructure in Saudi Arabia (KSA), TAWAL is well-positioned to offer reliable, effective, and efficient ICT infrastructure to Mobile Network Operators (MNOs) in Europe. The company’s commitment involves introducing substantial investments, implementing best practices, and unveiling innovative products within its expanded portfolio.
TAWAL’s entry into the European telecom market through the acquisition of telecom tower assets demonstrates its determination to foster growth and innovation on a global scale. This expansion not only strengthens TAWAL’s presence but also contributes to the enhancement of Europe’s telecommunications landscape amidst the era of 5G technology and digital transformation.
