Omantel is a joint-stock company listed on the Muscat Securities Market. It is 51% owned by the Oman Investment Authority. Omantel invests in more than 20 submarine cable systems globally, as well as interconnecting with neighboring countries through fiber optic cables. Omantel is also the first company in the GCC to lay a submarine cable in Europe in Marseille, France, within the AAE-1 submarine cable system.