Saudi Telecom Company (SASE:7010) is considering splitting off its telecoms towers into a separate entity that would enable it to move forward with a sale, it emerged. Khaled Biyari, Chief Executive Officer of the Saudi Arabian incumbent told Bloomberg that his company is "seriously considering" creating a new entity to sell its towers portfolio. "We are doing our internal assessment in terms of what value it will bring us," Khaled Biyari said in an interview with Bloomberg TV, the newswire reported. "It's not about the money. It's about creating efficiency in operation," he added. Saudi Arabia's telecoms operators have been examining their options with regard to towers for some time.