MUSCAT: The Oman Towers Company (OTC), a recently established company, will start field work in the middle of this year with RO 20 million worth of investments. The company is currently appointing its senior administration following the completion of the registration process. This was stated by Said bin Abdullah al Mantheri, CEO of Oman Broadband Company (OBC). He added that the company will announce its investment plan once the operations have commenced. The first phase investments are estimated between RO 15 million and RO 20 million for the installation of telecommunication towers across the Sultanate depending on the needs of the major telecom operators. The company has a plan to build 600 telecom towers within five years’ time and will start coordination with the existing operators to reach an agreement for the purchase of the towers that belong to them in order to enter into partnerships with the operators.
Oman Observer is now on the WhatsApp channel. Click here
