Ooredoo Oman [ORDS.OM] signed two main partnership agreements with Oman Tower Company (Oman Towers). The first stipulates a strategic partnership, whereby Oman Towers will build, manage and maintain towers for Ooredoo. The second agreement stipulates a partnership in the utilisation of towers infrastructure owned by Ooredoo, to be used by Oman Towers and its tenants wherever available in the country. The agreements aim to complement the efforts of Oman Towers and its strategic partners, in particular the Telecommunications Regulatory Authority, the Ministry of Transport and Communications and other relevant government entities concerned with land allocation, issuance of permits and approval, to put them in a common form that serves the objectives of the government and various organisations concerned with telecommunications sector in Oman.
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