Muscat – Oman Tower Company has announced that global investment giant Brookfield has acquired a majority stake in the firm, marking a pivotal milestone for Oman’s telecommunications infrastructure sector.
Oman Tower Company, a leading independent provider of telecom towers in the Sultanate, manages over 2,450 sites across various governorates, playing a crucial role in supporting the expansion of telecom networks nationwide.
Brookfield, one of the world’s largest alternative asset managers with over US$1 trillion in assets under management, operates the world’s second-largest portfolio of telecom towers—approximately 315,000 sites globally. Since 1997, Brookfield has been a major direct foreign investor in the GCC region, holding a regional asset portfolio valued around US$15 billion across infrastructure, private equity, and real estate.
Majed bin Amer al Kharoosi, CEO of Oman Tower Company, stated, “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 added, “The collaboration will elevate our governance standards, strengthen business sustainability, and better align us with Oman’s national development goals and future telecommunications opportunities.”
This partnership is expected to bring world-class expertise and innovation, positioning Oman Tower Company as a key regional player in digital infrastructure and supporting Oman’s broader digital transformation agenda.
