Helios Towers completed the acquisition of the 2890 sites from Omantel for $575m.

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.