Construct Telecom Towers Tender

Scope of WorkConstruction of 300 Telecom Towers in Oman. DescriptionThe deal to sell Omantels passive tower infrastructure to Helios Towers will drive cost efficiency and infrastructure development. 575 million sale of 2890 towers is in line with Omantels strategy to develop world class asset light strategic and advanced communications networks in Oman and to generate the greatest value and efficiency for the benefit of shareholders customers and partners. Under a long-term master services agreement Omantel will continue to utilise the tower assets for a period of 15 years with renewal options. On its part Helios Towers has committed to build a minimum of an additional 300 new towers over the next seven years. Against a service fee to Helios Towers Omantel will eliminate certain direct network operating costs and through the build-to-suit arrangement avoid passive infrastructure capital expenditure for new sites.