Announced
Completed
Financials
Tags
Single Bidder
Private
Cross Border
Friendly
Majority
mobile network
Telecommunications Equipment
Acquisition
Oman
Completed
Synopsis
Helios Towers, an independent telecommunications infrastructure company, completed the acquisition of the 2890 sites from Omantel, the largest mobile network operator in Oman, for $575m. "This move also allows the monetization of our towers at attractive valuation levels, de-lever our balance sheet and will accelerate network development in next generation advanced technologies while enabling management to focus on innovation and product development while outsourcing non-core infrastructure management to a world-class infrastructure management firm - Helios Towers. We are excited to enter into this transaction and long-term strategic partnership with Helios Towers who have impressed us with their high level of expertise, interest and partnership credentials," Talal Said Al Mamari, Omantel CEO.
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