PIF and STC's New Initiative to Become the Largest Tower Operators in the
Region:
How FalconViz's Drone Telecom Tower Inspection Services Can
Be Utilized
Saudi Arabia’s Public Investment Fund (PIF) and Saudi Telecom Company (STC) have taken a monumental step toward becoming the leading tower operators in the Middle East. In a pivotal strategic move, these giants recently announced their acquisition of a 51% stake in Tawal, valued at approximately 8.7 billion SAR. This significant investment is intended to reposition Tawal as a dominant force in the telecom industry, owning and operating the largest number of telecom towers in the region.