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MoUs Signed for Building, Leasing and Managing of Towers

Posted on December 29, 2018

Muscat, Oman Tower Company (OTC) signed two memoranda of understanding (MoUs) with Oman Telecommunications Company (Omantel) and Omani Qatari Telecommunications Company (Ooredoo) to build, lease and manage assets of towers in the Sultanate in general.

The signing ceremony was held under the patronage of Dr. Hamad bin Salim al-Rawahi, CEO of Telecommunication Regulatory Authority (TRA).

Majid bin Amer al-Kharousi, CEO of OTC, Talal bin Said al Ma’amari, CEO of Omantel and Jim Maxell, Acting CEO of Ooredoo, signed the two memoranda.

Eng. al-Kharousi said that the signing of the two memoranda of understanding for the construction of the towers is part of framing the government efforts to unify the infrastructure of inactive communications, pointing out that the two memoranda are a gateway to key agreements to be signed in January 2019 according to all contractual conditions and other conditions.

He said in a statement to Oman News Agency (ONA) that the Oman Tower Company will build the towers to be leased to the two operators Omantel and Ooredoo, as well as the third operator when founded.

Source: Oman News Agency

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