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FINANCIAL NEWS
Omantel, CBO collaborate on OmanNet
28 Dec 2010
(MENAFN) Ali Saleh Awadh Alhadid, Omantel general manager for corporate sales, said that the company and the Central Bank of Oman (CBO) signed an agreement whereby Omantel would provide a new advanced system along with technical consultation for the launch of a new ATM network called OmanNet, reported Times of Oman.
Alhadid said that the new system would replace the current Shamel and Al Watani networks with a single network that would be powered by Omantel and controlled by the CBO.
Alhadid also said that Omantel would use a technology called multi-protocol switching (MPLS). MPLS is already a leading technology in the Sultanate in the banking sector and other major corporate organizations. He added that Omantel is already utilizing this technology, making Omantel a major provider of technology solutions to the banking and financial services sector in Oman.
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