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Saudi TAWAL Eyes Mobily Tower Acquisition, Set to Boost Telecom Infrastructure

Saudi Arabia's telecom scene is buzzing with a potential major deal! TAWAL, fully owned by the Public Investment Fund, is reportedly in talks to acquire over 10,000 telecom tower sites from Mobily. This significant acquisition would dramatically increase TAWAL's assets and solidify its role as the Kingdom's leading independent tower operator, driving forward Saudi Arabia's digital infrastructure expansion.

2 min read
Saudi TAWAL Eyes Mobily Tower Acquisition, Set to Boost Telecom Infrastructure

Saudi Arabia's telecom infrastructure market is on the verge of one of its biggest potential deals. TAWAL, a company fully owned by Saudi Arabia's Public Investment Fund (PIF), is reportedly in talks to acquire over 10,000 telecom tower sites from Mobily. This deal could be worth several billion dollars, according to Semafor, which cited informed sources.

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