Muscat: Oman Tower Company (OTC), the independent telecom tower infrastructure provider in Oman, announced today that Brookfield acquired a substantial stake in the company.
OTC is Oman’s fastest growing telecom tower infrastructure company, having started operations in 2019 and rapidly scaled up to a pan-Oman portfolio of more than 2,400 telecom Sites with key partnerships across all mobile operators in Oman.
Majid Al Kharoosi, Managing Director of OTC said: “This move is a new phase of growth and development for OTC and the Omani telecommunications sector.”
Globally, Brookfield owns and operates high-quality, long-life assets in the utilities, transport, midstream and data sectors. Brookfield’s tower portfolio is the second largest in the world and includes approximately 315,000 sites.
Brookfield is one of the largest foreign direct investors in the Gulf Cooperation Council. Brookfield has built a portfolio of approximately $15 billion of managed assets across infrastructure, private equity and real estate.
Moreover, Brookfield Asset Management Ltd. is a leading global alternative asset manager with over$1 trillionof assets under management across renewable power and transition, infrastructure, private equity, real estate, and credit.
