Brookfield Nears First Deal in Oman With Telco Firm Stake

Brookfield Asset Management Ltd. is nearing a deal to invest in a telecommunications tower operator in Oman, according to people familiar with the matter, marking the firm’s first foray into the sultanate.

The global investment manager is close to buying a majority stake in Oman Tower Co., which operates around 2,400 telecom sites across the country, the people said, requesting anonymity as the information is not yet public.