TAWAL acquires KAEC telecommunication towers

27/10/2022 Argaam
Logo ofTAWAL

Logo of TAWAL

TAWAL, a wholly-owned subsidiary of stc, signed an agreement with King Abdullah Economic City (KAEC), to acquire the latter's towers as well as the In-Building Solutions (IBS).

 

TAWAL will, accordingly, manage and operate these assets to telecom service providers.

 

In addition, TAWAL will become KAEC's strategic partner to provide it with telecommunication solutions.

 

The deal will contribute to improving the efficiency of KAEC’s telecommunications network.

 

The agreement was signed on the sidelines of the Future Investment Initiative (FII) Conference, in the presence of TAWAL CEO Mohammed Alhakbani and KAEC CEO Cyril Piaia.

 

Piaia said enhancing KAEC telecommunications network will boost the city's industrial and economic capabilities, as well as improve its ability to achieve the initiatives of Vision 2030.

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