A unit of the Saudi Telecom Company (stc), TAWAL will buy tower infrastructure in Croatia, Slovenia, and Bulgaria worth 1.22 Billion-euros from the United Group. This is part of its foray into the European telecom market.
The acquisition supports stc Group’s ambitious strategy to expand its international footprint in key markets with significant growth potential.
Upon completion, TAWAL’s operations in the European market will be rebranded as “TAWAL Europe” and will serve as TAWAL’s platform for any future expansion in Europe.
Statements by stc
