Oman Telecommunications Company

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Recent Articles

• Qtel unit wins Oman fixed-line phone licence18 November 2008

  Nawras mobile operator has won tender to end Omantel's monopoly - company source.

• Omantel misses forecasts with 5.8% profit drop2 November 2008

  Omani telecom posts Q3 net income of $83.4mn, down from $88.6mn in year-earlier period.

• Trading thin on first day of Ramadan1 September 2008

  Total number of shares traded on Saudi index lowest in two years, mixed fortunes elsewhere.

• Oman telecom contenders shortlisted31 August 2008

  Six companies are chosen by Oman's Telecommunications Regulatory Authority (TRA) to bid for second fixed-line licence

• Zain ponders bid for 25% Omantel stake26 August 2008

  Third largest Arab telecom company would rebrand Omantel if its bid goes through, reports say.

• Oman pre-qualifies eight firms for Omantel stake18 August 2008

  Government to short-list four or five firms for 70 percent holding in telecom operator.

• Emaar leads slump in region's shares11 August 2008

  UPDATE 3: Real estate companies are hardest hit as markets have day to forget across the Gulf region.

• Omantel hopes to maintain profit level4 August 2008

  Telecom firm's chief executive says rise in telephone users will help margins.

• Saudi Telecom seeks 25% stake in Omantel23 July 2008

  Largest Arab telecom firm to make its second major venture outside the kingdom.

• Omantel enters $400 million agreement to boost telecom efficiency20 July 2008

  Agreement will see an 8000km fiber optics cable being laid on the Omani coast to enhance traffic

• Omantel seeks strategic investor7 July 2008

  UPDATE 1: Omani gov't to sell 25% stake in country's largest telecom to expand international business.

• Omantel to sell 25% stake by year-end - CEO21 May 2008

  Omani telecom looking to sell to long-term investor, silent on interested companies.

• Omantel in UK-India cable deal7 May 2008

  Telecom to build $700mn undersea cable system between India and UK as part of global consortium.

• Omantel selects Nokia Siemens to improve coverage and services30 April 2008

  Network upgrade agreement worth $80-100 million

• Omantel posts record profit on royalty cut28 April 2008

  Omani telecom nets biggest ever Q1 income of $99.74mn after paying less royalties and gaining users.

• Omantel to launch 16Mbps business broadband service28 April 2008

  New broadband service will offer business customers fastet broadband connection in the Gulf says Omantel

• Gulf markets rebound12 March 2008

  Stocks across region push markets to higher close, bar Saudi which drops for fifth time in six days.

• Omani telco to up investment, plans IPO12 March 2008

  Nawras to invest $260mn this year, looking to sell 40% stake, CEO says.

• Oman’s internet subscriber base exceeds 100,0004 March 2008

  Internet subscriber base tops the 100,000 mark in Oman

• Oman considers 30% Omantel sale5 February 2008

  Finance ministry reveals plans to sell stake in telecom to an unnamed long-term investor by September.

• Omantel posts second-biggest profit ever28 January 2008

  Operator sees Q4 earnings surge almost 47% after cut in government royalties.

• Oman allows resale of Omantel mobile service18 November 2007

  Sultanate plans to allow firms to resell Omantel and Nawras mobile phone services.

• Oman insists on fixed-line telecom monopoly15 November 2007

  Oman rules out any immediate end to state monopoly.

• Etisalat mulls over Omantel move12 November 2007

  Etisalat's bid for stake in Omantel hinges on conditions set by Omani government

• Omantel: Pakistan to drive profits from 200911 November 2007

  Omani telco says $204 million stake in Pakistan's Worldcall to boost net profit by 14%