The Saudi Arabia Telecom Group TAWAL Telecom has entered the Pakistani market, which is some welcome news for the country’s telecom sector.
TAWAL Telecom has been granted a no-objection certificate (NoC) by the Pakistan Telecommunication Authority (PTA) to conduct business in Pakistan following the completion of all legal requirements and approval from all necessary parties. The corporation must also shift its ownership from SECP; PTA has granted preliminary authorization.
TAWAL owns more than 15,500 towers in Saudi Arabia and is a subsidiary of the country’s largest telecom company, STC. In February of this year, it said that it will be entering the Pakistani market by acquiring AWAL Telecom.
Saudi Telecom Group’s debut in the Pakistani market is a significant milestone in light of the present state of affairs in that country. A firm having a Telecom Tower Provider License and between 70 and 80 telecom towers, AWAL Telecom has bought a part of TAWAL Telecom. TAWAL is a sizable organization with future intentions to build additional telecom towers in Pakistan.
In light of the advent of 5G, analysts say that TAWAL’s arrival into the Pakistani market is also crucial. More towers will be needed for the rollout of 5G, and TAWAL, a tower firm with innovative ideas and cutting-edge technology, will be a welcome addition. Cellular operators will be able to rent telecom towers under PTA’s active sharing framework, which will benefit both parties.
To read our blog on “TAWAL’s entry will strengthen Pakistan-Saudi ties, IT Minister,”
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