TAWAL pays €1.2 billion to break into European tower space

United Group has brokered a €1.2 billion deal to sell a portfolio of telecoms towers across Eastern Europe to Saudi Arabia’s TAWAL.
The deal, presuming the parties gain all the necessary approvals, will mark TAWAL’s first foray into Europe. And the company, an infrastructure specialist carved out of Saudi Arabian incumbent STC just over four years ago, might be looking for other European opportunities.
“This partnership with United Group marks our first investment in the E