MUSCAT – This collaboration marks a significant step towards advancing OTC’s vision to expand Oman’s telecom infrastructure, accelerate digital transformation and enhance network efficiency across the Sultanate.

It also marks Brookfield’s first venture into Oman, reinforcing its expanding footprint in the Gulf region. The move is expected to accelerate the expansion of the Sultanate’s telecom infrastructure and support the national drive for digital transformation.

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 trillion of assets under management across renewable power and transition, infrastructure, private equity, real estate, and credit.