Oman's $390m telecoms investment

Nawras

You can't do business if you can't communicate with your client, and in a bid to upgrade Oman's infrastructure, Nawras, a subsidiary of Qatar Telecommunication, plans to invest US$390 million in the next two years to expand fixed line services.

Nawras' chief executive, Ross Cormack was quoted as saying, "The US$389.6 million will build the infrastructure as well as investment in manpower resources for our planned fixed telephone services."

Currently, the company only operates mobile phone and internet services in Oman, but the government last year granted the company a fixed line licence. While no final date has been confirmed yet, the decision is a major game-changer for the sultanate who has, for years had their telecoms provided by the state-controlled Omantel. Nawras broke this monopoly in 2006.

It has been a good week for Qatar-based telecom firms; Vodafone Qatar, the venture between Vodafone Group and state controlled Qatar Foundation, has stated it has won the second fixed networks and services license from ictQatar in the Arabian Gulf country.

By winning this license, the company is obligated to complete a change to its article of association within three months

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