PIF agrees to acquire 51% stake in stc Group’s tower company

Saudi Arabia’s PIF, stc Group to create region’s largest tower company

The deal is subject to regulatory approvals and it is expected to be closed in the second half of 2024

Saudi Telecom

Saudi’s PIF offers to buy stake in $5.8bn STC towers unit

The PIF made a non-binding offer to Saudi Telecom Co. for 51 per cent of Telecommunications Towers Company