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Oman Telecommunication Company (Omantel) and GlobalTech Corporation Enter Into Non-Binding Memorandum of Understanding Relating to Potential Revenue Share Arrangement on AI & Big Data Services
Oman Telecommunication Company (Omantel) and GlobalTech Corporation Enter Into Non-Binding Memorandum of Understanding Relating to Potential Revenue Share Arrangement on AI & Big Data Services.
About this update from Globaltech Corp
[{"type":"text","content":"\r\n\r\n \r\n \r\n Oman Telecommunication Company (Omantel) and GlobalTech Corporation Enter Into Non-Binding Memorandum of Understanding Relating to Potential Revenue Share Arrangement on AI & Big Data Services\r\n \r\n \r\n\r\n\r\nOman Telecommunication Company (Omantel) and GlobalTech Corporation Enter Into Non-Binding Memorandum of Understanding Relating to Potential Revenue Share Arrangement on AI & Big Data Services\r\n\r\n\r\n\r\n\r\n\r\nRENO, Nev., June 04, 2025 (GLOBE NEWSWIRE) -- GlobalTech Corporation (GTC, OTC:GTLK) (“GlobalTech”), a technology holding company specializing in artificial intelligence (AI) and big data products and Omantel (www.omantel.om), Oman’s leading telecommunications provider, announced that they have signed a Memorandum of Understanding (MoU) to explore a collaboration on AI & Big Data services. The non-binding MoU establishes the parties’ mutual interest in exploring and advancing technological innovations, specifically within the realms of AI and Big Data. Through future agreements, which have yet to be finalized or agreed to, it is currently expected that a strategic revenue-sharing model will be established, whereby both companies will seek to leverage their strengths to deliver AI & Big Data solutions. Omantel’s robust infrastructure, extensive customer base, and globally competitive data services are expected to support the initiative, while GlobalTech expects to contribute its expertise in AI & Big Data technologies and solutions. The future collaboration will aim to create an AI-driven service vertical catering to industries such as compliance, risk mitigation, fintech, retail, and HR services. Once finalized, the partnership is anticipated to enhance GlobalTech’s AI capabilities, support digital transformation, and drive revenue growth. Mehdi Al Abduwani, Director, GlobalTech Corporation stated: \"AI and Big Data are key enablers of economic and business transformation and we believe this planned collaboration with Omantel will strengthen our AI and Big Data offerings, which in turn are expected to unlock new growth opportunities in regional markets. We continue to look for new opportunities to both widen our geographic footprint while developing our capabilities beyond telecom into the high technology vertical.\" The planne...