Page 39 - SAMENA Trends - January 2021

ARTICLE SAMENA TRENDS

Omantel has provided 4IR Building Management Solutions, Digital consolidated net profit compared to 2018.
and
Banking
Besides, multiple market exposures also
Services
Healthcare
(Fourth Industrial Revo- Infrastructure, Unified Collaboration re-rates the Omantel’s business risk and
lution) technologies such Solutions, Cloud, High Performance growth profile.
as the Internet of Things, Computing, Artificial Intelligence solutions, Another milestone in Omantel’s journey
Machine Learning, Big Data Analytics, Deep
cloud computing, artificial Learning and Smart Contracts. Omantel was making Oman one of the most
intelligence, unified com- has worked round the clock to adopt and connected countries in the region. This
implement the ISO 27701 for privacy and
was achieved due to the successful
munications, smart cit- data protection and have introduced latest implementation of Omantel’s strategy
ies, block chain, and most and sophisticated cyber security services of capitalizing on the Sultanate’s unique
recently, the 5G network, and solutions for the business to protect characteristics including the geographical
location.
and mitigate their ever expanding threat
international
massive
The
other than partnering with surface in today’s digital age. subsea connectivity of Omantel (i.e.
various world-leading These services helped the company in access to more than 20 subsea cables)
proved to be a game changer and enabled
firms, to make information equipping Special Economic Zones with Omantel to become a leading regional
and communications tech- the latest in the field of ICT, and positioned telecom player. Combined with a number
of significant wholesale projects that are
Omantel as a productivity catalyst. Its
nology more achievable, growing presence in the international currently progressing, Omantel is steadily
accessible and affordable. Subsea Cable market has facilitated contributing into making Oman a global
growth of cloud, content, and next- telecom hub in the near future.
In this context, Omantel, the leading generation communication globally which
integrated telecommunications company forms the backbone of the 4th Industrial And since driving sustainable economic
in Oman with innovative and advanced Revolution worldwide. growth and diversification is among the
ICT and digital services, became the Atlas company’s main strategic objectives,
bearing the weight and responsibility of a Omantel’s Submarine cables investments Omantel rolled out its 5G services in late
digitally powered economy. As an enabler, totalling over $500 million have made 2019, providing an environment for small
Omantel has been astutely carrying the Oman one of the most connected countries and large enterprises to move towards
responsibility of digitally channelling in the world and has positioned Omantel efficiency through Internet of Things M2M,
economic recovery and growth by as one of the largest wholesale companies Cloud data etc. The verticals where 5G can
reducing the connectivity gap for users, in the Middle East and North Africa. be deployed across GCC and the MENA
communities, areas and businesses. Prominent internet content providers such region range from aviation and logistics to
as Google, Akamai, L3, Microsoft and other oil and gas.
Powered by government support in the major international companies host their
form of policy updates and an open- content in the Sultanate, making access Omantel’s Submarine cab-
minded approach, Omantel has been to their content faster for subscribers of les investments totalling
bolstering the public and private sectors Omantel and subscribers of other regional
with its reliable, fast, state of the art and telecom companies. over $500 million have
efficient infrastructure. Omantel has made Oman one of the
provided 4IR (Fourth Industrial Revolution) Omantel has been growing in every sphere,
technologies such as the Internet of Things, be it in operational abilities or financial most connected countries
cloud computing, artificial intelligence, astuteness and has been itself pursuing in the world and has
unified communications, smart cities, revenue diversification streams. Omantel positioned Omantel as one
block chain, and most recently, the 5G acquisition of 21.9% stake in Kuwait-
network, other than partnering with various based Zain Group made Omantel the of the largest wholesale
world-leading firms, to make information second largest shareholder in Zain Group, companies in the Middle
and communications technology more created its presence in key large regional
achievable, accessible and affordable. markets like Kuwait, Iraq and Saudi Arabia. East and North Africa.
The acquisition has also ushered in
State of the art infrastructure, services and synergetic opportunities between the two Furthermore, Omantel has continued
acquisitions Groups in the commercial, new business to lend its support to SMEs, which are
The Company has continuously expanded developments and operations spheres. emerging to play in important part in
its services bouquet targeting specific Oman’s economic growth strategy. These
sectors, and embarked upon several Omantel has also transformed its financial new businesses are technologically aware
initiatives ranging from developing indicators, a key example of which is and savvy, disruptive in their approach and
Intelligent Public Infrastructure, Smart an exponential 43% YoY growth in 2019 rely more on digital solutions for success.

39 JANUARY 2021