Brookfield
Acquires Substantial Stake in Oman Tower Company

Muscat,
1 Jul (ONA) — Oman Tower Company (OTC), the independent telecom tower infrastructure
provider in Oman, announced today that Brookfield acquired a substantial stake
in the company.

OTC
is Oman’s fastest growing telecom tower infrastructure company, having started
operations in 2019 and rapidly scaled up to a pan-Oman portfolio of more than 2,400
telecom Sites with key partnerships across all mobile operators in Oman.

Majid
Al Kharoosi, Managing Director of OTC said: “This move is a new phase of growth
and development for OTC and the Omani telecommunications sector.”

Globally,
Brookfield owns and operates high-quality, long-life assets in the utilities,
transport, midstream and data sectors. Brookfield’s tower portfolio is the second
largest in the world and includes approximately 315,000 sites.

Brookfield
is one of the largest foreign direct investors in the Gulf Cooperation Council.
Brookfield has built a portfolio of approximately $15 billion of managed assets
across infrastructure, private equity and real estate.

Moreover,
Brookfield Asset Management Ltd. is a leading global alternative asset manager
with over$1 trillionof assets under management across renewable
power and transition, infrastructure, private equity, real estate, and credit.

—Ends/AG