Omantel CEO highlights merits of towers sale deal
By: Times News Service
Muscat: On May 11, Omantel entered into a landmark agreement that is aimed at further strengthening its financial standing on several levels and driving better service and network solutions.
At a virtual session with investors hosted by Muscat Securities Exchange (MSX)”, Talal Said Al Mamari, Chief Executive Officer of Omantel, highlighted how this deal to sell its passive tower infrastructure to UK-based infrastructure management firm Helios Towers will drive cost efficiency and infrastructure development.
In his address to the virtual audience, he said the $575 million sale is in line with Omantel’s strategy to develop world-class asset-light, strategic and advanced communications networks in Oman and to generate the greatest value and efficiency for the benefit of shareholders, customers and partners.
Helios to build 300 new telecom towers omanobserver.om - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from omanobserver.om Daily Mail and Mail on Sunday newspapers.
Helio Towers to build 300 new telecom towers in Oman over next 7 years COST EFFICIENCY: Omantel CEO highlights merits of towers sale deal in his virtual meet with MSX investors Published: 8:16 PM, May 21, 2021 LEADS
MUSCAT, May 21
UK-based infrastructure management firm Helios Towers has pledged to build at least 300 telecom towers around Oman as part of a landmark long-term master services agreement reached with Omantel, the majority state-owned telecom services provider of the Sultanate.
This was revealed by Talal Said al Mamari, Chief Executive Officer of Omantel, at a virtual session with investors hosted by Muscat Securities Exchange (MSX).
Speaking during the forum, Al Mamari highlighted how the deal, reached on May 11, 2021, to sell its passive tower infrastructure to Helios Towers will drive cost efficiency and infrastructure development.
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