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RIYADH: TAWAL, one of stc’s subsidiaries in Saudi Arabia, has entered the Pakistani market through the full acquisition of AWAL Telecom, in a move that marks the company’s first international expansion outside the Kingdom.

The agreement is to see AWAL rebranded as TAWAL Pakistan and form the launch pad for TAWAL’s operations in the country following regulatory approval from Pakistani authorities.

“Pakistan is an exciting market with high growth potential, and TAWAL looks forward to expanding our digital transformation and ICT infrastructure development capabilities in the country,” said Mohammed Alhakbani, CEO of TAWAL.

“The country is experiencing a growing penetration of mobile services, which is creating an infrastructure demand that TAWAL is ideally placed to meet,” he added.

Pakistan has seen its mobile voice and mobile broadband subscriptions grow by double digits in recent years, with the expansion of 4G LTE and 5G mobile networks expected to drive its market and revenue growth.

Launched in 2019, TAWAL is a subsidiary of Saudi telecom giant stc which holds a portfolio of over 15,500 telecom towers in the Kingdom.