According to a notification to the PSX submitted on September 20, a collaboration between a local business, TPL Properties, and a mobile telecom tower operator located in the UAE, TASC Towers, represents a significant milestone in the expanding sector of telecom tower infrastructure in Pakistan.
It has been learned that TPL has created the consortium to take part in the auction of a Telecom Tower Infrastructure Company through its wholly owned subsidiary TPL REIT Management Company Limited (RMC), the specifics of which were not disclosed.
According to the business’s website, TPL RMC was established in 2019 to manage real estate investment funds that “capitalize on sustainable real estate development and management capabilities of its parent company.”
On the other hand, TASC Towers, an independent tower operating firm with a focus on emerging countries, was established in 2003. On the company’s official Linkedin page, it is stated that “TASC Towers’ current business focus is on acquiring telecom tower portfolios from mobile operators and leasing them back to these operators on a long-term basis, investing equity or debt capital to accelerate a tower operator’s growth prospects for example on acquisition-related projects, potentially ahead of an IPO, and investing equity in tower operators mandated on build-to-suit programs.”
Leading Saudi infrastructure business TAWAL began negotiations to buy AWAL Telecom Private Limited, an independent provider of passive telecommunications towers based in Islamabad, earlier this year.
To read our blog on “A telecom company spends £100 million to expand its network,” click here.
