01-07-2025
Brookfield acquires majority stake in Oman Tower Company
Muscat – Oman Tower Company has announced that Brookfield Global Investment Firm has acquired a majority stake in the company, marking a significant milestone in the evolution of Oman's telecommunications infrastructure sector.
Oman Tower Company is a leading independent provider of telecommunications towers in the sultanate, managing a portfolio of over 2,450 sites across various governorates. The company plays a pivotal role in supporting the growth and expansion of telecom networks across Oman.
Brookfield, one of the world's largest alternative investment managers, brings extensive global experience to the partnership. With over US$1tn in assets under management, Brookfield operates the world's second-largest portfolio of telecommunication towers, encompassing approximately 315,000 sites worldwide. The firm has also been a major direct foreign investor in the GCC region since 1997, with a current regional asset portfolio valued at approximately US$15bn across infrastructure, private equity, and real estate sectors. Majed bin Amer al Kharoosi
Commenting on the development, Majed bin Amer al Kharoosi, CEO of Oman Tower Company, said, 'This strategic partnership with Brookfield marks a new chapter in our company's journey. It is not merely an investment transaction, but a launch-pad for future growth, enhanced operational excellence, and institutional development.'
He is of the opinion that the collaboration 'will elevate our governance standards, strengthen business sustainability, and enable us to better align with Oman's national development goals and future opportunities in the telecommunications sector'.
The partnership is expected to bring in world-class expertise and innovation, positioning Oman Tower Company as a key regional player in digital infrastructure and contributing to the Sultanate's broader digital transformation agenda.
