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Asharq Al-Awsat
Asharq Al-Awsat
Business
Riyadh - Asharq Al-Awsat

Saudi PIF is Part of Consortium to Acquire European Vodafone Towers

Vodafone PIF Europe KKR Saudi Arabia
PIF is looking to invest in the Gulf and European telecommunications sector (Vodafone website)

In a move highlighting its interest to invest in the telecommunications sector, Saudi Arabia’s Public Investment Fund (PIF) is looking to finance a deal to acquire a stake in the giant European company, Vodafone.

On Tuesday, the Financial Times said Saudi Arabia’s sovereign wealth fund is heading for a new deal in Europe worth $15 billion as part of a consortium to acquire European Vodafone towers.

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