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Nawras to invest $350m in 3 years on network upgrade
- Oman: Sunday, March 24 - 2013 at 03:35
Oman-based telecom services provider Nawras has announced plans to invest $350m in the next three years to upgrade its network infrastructure and so far has spent $130m in the last five months, Gulf News has reported. "We have taken all the base stations from Al Bustan to beyond Al Musannah and completely replaced all of them with the latest base stations to offer super-fast broadband service [4G LTE] three weeks ago, which mean we can use all the frequencies rolled out by the Omani government," Ross Cormack, CEO of Nawras, told the daily. The sultanate's second-largest telecoms firm offers 4G LTE services in greater Muscat and covers around 40% of Oman. It has a market share of around 42% in the mobile phone segment.
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