TAWAL Telecom, a major player in the Saudi infrastructure market, has said it will invest $70–$80 million a year in Pakistan.
The Pakistan Telecommunications Authority (PTA) has announced that TAWAL Telecom is almost done buying AWAL Telecom. PTA Chairman Amir Azeem Bajwa has asked the responsible agency to speed up the process. Within a week or so, the PTA will send the letter to the company.
This comes after the company said it wanted to help mobile network providers in Pakistan meet the growing data demand in that country.
Shah Faisal, who is TAWAL Telecom’s country representative in Pakistan. The company’s delegation had met with the Chairman PTA to talk about investing in Pakistan’s telecom sector. Minister Ismail and the PTA chairman both said that help was coming.
According to Faisal, the company will buy AWAL Telecom, a Pakistani telecom company with 70–80 towers. TAWAL wants to build 1,000 to 1,200 3G/4G BTS sites each year in Pakistan to improve service and also coverage. Before it can start doing business in Pakistan, it has to get permission from the PTA.
TAWAL plans to invest $70–80 million a year in Pakistan and is open to buying more big telecom firms or also telecom towers.
In the past few years, the number of voice and broadband customers in Pakistan has grown a lot. Faisal has said that TAWAL’s entry into Pakistan is a step toward further growth in the region.
TAWAL is a division of STC that owns 15,500 towers around Saudi Arabia also. To get into the Pakistani market, it bought AWAL Telecom in February. After getting the necessary permissions from the Pakistani government, AWAL will change its name to TAWAL Pakistan and enter the country’s market.