Omantel floats new subsidiary


22/02/2012 12:01 AST  Oman Daily Observer

Oman Telecommunications Company (Omantel) has floated a new subsidiary to provide, among other things, data management, data-hosting and co-location of services.

Oman Data Park is a joint venture of Omantel, with a 60 per cent shareholding, and 4Trust LLC, a local Omani company that owns the balance 40 per cent.

The latter is a subsidiary of National Trading Company, a well-known Omani business house. The joint venture, which was formally established last December, is the latest addition to Omantel’s expanding portfolio of subsidiaries.

The list includes Omania E-Commerce (Tejari), a provider of e-solutions and e-procurement services in which Omantel has a 57 per cent stake; Infoline LLC, a third party call centre services provider and BPO (49 per cent); and Oman Fiber Optic Co, Rusayl-based manufacturer of optical fibre and cables (45 per cent). Pakistani telecom operator Worldcall Telecom is the sole international subsidiary with a 57 per cent stake.

According to Todd M Dick, Vice President — Corporate, Omantel, the new joint venture is expected to be fully operational before the end of this year. “We’re in the process of building the business and getting it into place. There’s been work quite a bit of work done already, and we hope to have some solid services in the market perhaps by the end of 2012.”

In comments to journalists, Dick described Omantel’s joint venture partner in the project as a company with vast experience in data management services, hosting services, and co-location of services.

Together with Omantel’s considerable experience on the connectivity side, as well as its coverage of top tier companies in the market, Oman Data Park is ideally positioned to offer managed services such as Data Hosting and co-location of services. “This is our model, and going forward, we wish to get more and more into these managed services,” he stated.

Ahead of the roll-out of its services, Oman Data Park has begun work on a new data centre at the Knowledge Oasis Muscat (KOM) in Rusayl. Pending the completion of this facility, the joint venture will utilize Omantel’s globally recognised Tier 3 data centre at Qurum to provide services to corporate customers. Beyond targeting the government and banking sectors for its services, Oman Data Park will also look to leverage Omantel’s robust international connectivity to offer managed data services to potential customers beyond the Sultanate’s borders, said Dick.

This trans-border market potential, he said, will be further enhanced when Omantel’s membership of international submarine cable systems grows from the current five to a total of nine in the near future. Multiple landings are planned at locations in the north, central and south of the Sultanate when the new cables are installed.

“This encourages customers in other locations to consider Oman as a place to co-locate their services,” said the Vice-President — Corporate. In this regard, he cited the example of a leading global bank that had decided to move its data services out of Dubai and to co-locate them here in the Sultanate. Also mulling a move was a well-known Qatari banking institution which was looking to shift its services to Oman for backup and redundancy purposes.

“We think this is just the start of what the future will be,” Dick noted.

Oman Telecommunications Co. - OTEL
2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | News Archive
Most Viewed Companies
Ticker Price Volume
AMANAINSURANCE 16.07 3,106,699
EEC 37.9 16,629,322
SABIC 88.53 6,741,849
EMAAR 6.9 18,054,347
JULPHAR 3.01
SAGRINSURANCE 29.93 2,434,862
RIBL 17.72 2,562,973
Recent News

Batelco introduces ICT security to key customers
Batelco, the Kingdom’s leading telecommunications solutions provider in partnership with Palo Alto Networks, held a successful Next-Generation Security Workshop on Thursday 15th January. The workshop

Al Baraka Islamic Bank expands its ATM network
Al Baraka Islamic Bank B.S.C (c) announced the installment of a new ATM in the American Mission Hospital in the Central Manama. This step reflects the implementation of the Bank’s ambitious plan to c

Kuwait freezes assets of former AUB chairman
Kuwaiti authorities have reportedly issued orders to freeze the property and assets of the former head of a Bahraini bank, a report said.

It was reported yesterday that former Ahli United

13,000 new housing units to hit Dubai market
More than 50 projects were launched in the off-plan market across Dubai, UAE, during 2014, which are expected to deliver over 13,000 units to the market, according to a report.

The last qu

Cheap oil may boost growth, says economic city chief
Saudi Arabia's Emaar the Economic City (EEC) expects demand for its industrial and residential property to grow this year as companies increase investment despite the plunge of oil prices, a top exec

GulfBase GCC Index
Search By
  • Company Symbol
  • Company Name
  • Mutual Fund Name
  • News Content
Send this page to a friend

Poll

Which of the following do you think is the best long-term investment?