TAWAL (PIF-backed towerco) acquires Tower portfolio of Etihad Etisalat Co. (Mobily) — reported >10,000 sites
- Acquirer
- TAWAL (PIF-backed towerco)
- Target
- Tower portfolio of Etihad Etisalat Co. (Mobily) — reported >10,000 sites
- Deal Value
- Undisclosed
- Status
- Announced
- Announced
- July 20, 2026
What happened
Reports (citing people familiar with the matter) say PIF-backed tower operator TAWAL is in talks to acquire more than 10,000 telecom tower sites from Saudi operator Mobily. The discussions are described as early-stage and no binding agreement has been announced.
Why it matters
If completed, the transaction would further consolidate Saudi tower infrastructure under a PIF-backed owner and materially increase TAWAL’s scale ahead of a potential IPO, with implications for tower tenancy, leasing dynamics and regulator scrutiny in the kingdom. It underscores continued appetite in the region for monetising operator tower assets and preparing infrastructure platforms for public-market exits.
Source: Semafor (report)
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