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The offer from the sovereign Public Investment Fund<\/a> (PIF), which owns 64% of STC<\/a>, is subject to a final agreement and approvals, STC said.
Telecom Towers Company<\/a> (TAWAL), fully owned by STC, is valued at 21.94 billion riyals ($5.84 billion), STC said.
Saudi Telecom<\/a> said the offer was in line with its growth strategy to \"expand by retaining stakes in value-added strategic assets across its subsidiaries, as well as benefiting from the return on these assets\" that will allow it to invest further and maximise shareholder returns.
PIF, which manages $608 billion in assets, was the second most active state investor from Jan. 1 to Oct. 1 this year, with 39 deals valued at $17.2 billion in that period, according to wealth fund tracker Global SWF.
PIF is at the centre of the top oil exporting country's plan to wean its economy off oil by building new industries.
Earlier this year, it led a consortium to buy a majority stake in mobile telecommunications company Zain Saudi Arabia<\/a>'s towers infrastructure for just over 3 billion riyals, renaming the unit Golden Lattice Investment Company<\/a> (GLI).
Separately, sources told Reuters last month Qatari telecommunications firm Ooredoo<\/a> is considering the sale of its tower network.
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沙特财富基金提供51%的沙特电信塔单元
沙特电信表示,提供符合其增长战略”增长保持在它的子公司股权增值战略资产,以及受益于这些资产的回报”,使它进一步投资,股东回报最大化。
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主权的提供公共投资基金(论坛)拥有64%的股份STC)最终协议的审批,STC)说。
电信塔公司完全由STC (TAWAL),价值219.4亿里亚尔(58.4亿美元),STC)说。
沙特电信说,提供符合其增长战略”增长保持在它的子公司股权增值战略资产,以及受益于这些资产的回报”,使它进一步投资,股东回报最大化。
论坛,管理着6080亿美元的资产,是第二个最活跃的国家投资者从今年1月1日至10月1日,39交易价值172亿美元,据财富基金追踪全球主权财富基金。
论坛是中心的最大石油出口国的计划经济摆脱对石油通过构建新的产业。
今年早些时候,它导致一个财团购买移动电信公司的多数股权Zain沙特阿拉伯塔基础设施刚刚超过30亿里亚尔,重命名金色的晶格投资公司(GLI)。
另外,上个月卡塔尔电信公司消息人士向路透表示Ooredoo正在考虑出售其塔网络。
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