In May 2017, TANMIA acquired 32% stake in AWASR which is the first fiber-only high speed broadband service provider in Oman.
AWASR started operations in 2016 and has witnessed huge market demand for the conversion of internet connectivity by consumers from leased line system to fiber broadband. TANMIA’s acquisition of the stake is our first entry to the telecommunication sector which we intend to grow in as well as part of our diversification strategy across our investments.
The company currently connects to residential households and commercial enterprises in Muscat through the fiber cables laid down by Oman Broadband Company which covers about 35-40% of the capital city as of date with an aim to cover the whole of Muscat by 2020 and then gradually to the whole of the Sultanate.
The company will be also providing broadband products such as connecting and gaming, smart home and others.