New from StartUpPakistani
The entry into the Pakistani market of Tawar Telecom, a subsidiary of the Saudi Telecom Group, is good news for Pakistan’s telecommunications sector.
TAWAL Telecom has been granted his NoC by the Pakistan Telecommunications Authority (PTA) and operates in Pakistan after meeting regulatory requirements and obtaining approvals from relevant stakeholders.
The PTA has issued pro forma approval and TAWAL Telecom must change ownership from his SECP and SECP.
Subsidiary of STC, a major telecommunications company in Saudi Arabia
TAWAL is a subsidiary of Saudi telecommunications giant STC, where he owns more than 15,500 transmission towers. In February of this year, it announced that it would acquire AWAL Telecom and enter the Pakistani market.
Saudi Telecom Group’s entry into the Pakistani market is an important step forward given the current situation in Pakistan.
TAWAL Telecom has acquired shares in his AWAL Telecom, a company that holds a telecom tower provider license covering 70-80 telecom towers. TAWAL is a giant company that plans to build more telecommunications towers across Pakistan in the near future.
5G introduction
Experts say his TAWAL’s entry into the Pakistani market as part of the 5G introduction is also significant. 5G rollout requires additional towers and TAWAL, a tower company with innovative ideas and latest technology, is a great choice. Under active sharing, developed by the PTA, mobile operators can also rent towers, which could be a win-win situation.