PwC Corporate Finance advises Rakiza on their minority acquisition of Oman Broadband Company
The UK Corporate Finance team is pleased to announce that it has advised Rakiza Fund I, a fund co-managed by Oman Infrastructure Investment Management and Equitix, on their acquisition of 39% of Oman Broadband from ITHCA Group.
A landmark transaction in the region, the investment supports Oman’s commitment to privatization, fiscal reform and attracting foreign direct investment.
Oman Broadband, the largest wholesale fiber provider in the country, operates and manages fiber network infrastructure, providing wholesale services to all major Internet Service Providers and Mobile Operators.
PwC acted as lead M&A financial advisor to Rakiza on this transaction. The UK Corporate Finance team has provided lead M&A advisory services on over 10 transactions in the fibre sector in the last two years.
“We are delighted to have supported Rakiza with this landmark transaction, delivering on the fund’s vision to invest in critical infrastructure. Oman Broadband is the country’s largest network provider and we look forward to seeing the partnership deliver on closing the digital divide and supporting the Government’s vision of building a sustainable knowledge-based economy.”
PwC
PwC UK acted as lead financial advisor to Rakiza. The Lead Advisory deal team was comprised of Asim Iqbal, Luke Sandford, Mohammed Khan and George Eaton.
PwC Middle East also provided financial due diligence, tax due diligence & structuring and financial SPA services.
If you would like to discuss the telecoms and digital infrastructure M&A market then please contact Asim Iqbal or Luke Sandford.
