ISLAMABAD (7th Dec 2022): TAWAL Telecom, a subsidiary of Saudi Arabian Telecom group, has entered the Pakistani telecommunications sector.
According to reports, the Telecom group has been granted a NOC (No Objection Certificate) by the Pakistan Telecommunication Authority (PTA) to operate across the country following the fulfillment of its regulatory requirements and approval from appropriate stakeholders.
Apart from getting provisional approval from PTA, which they have received, TAWAL Telecom will also change its shareholdings from SECP (Securities and Exchange Commission of Pakistan) as well.
TAWAL which is a subsidiary of Saudi Telecommunication Company (STC), owner of over 15,500 towers across Saudi Arabia, has announced that it would enter the Pakistani telecom sector through the purchase of AWAL Telecom in February. The move will be a positive step in the path of progress for Pakistan’s telecommunication market.
With its introduction across Pakistan, TAWAL Telecom plans to build more towers apart from the approximately seventy to eighty towers it stands to acquire via AWAL Telecom.
As far as 5G technology is concerned, with the entry of TAWAL Telecom, experts believe the Pakistani market would benefit greatly through the framework of active sharing developed by the PTA, allowing mobile operators to lease telecom towers.
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