Oman Telecommunications Company

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Recent Articles

• Omantel sees fixed line customers fall by 1.4%20 September 2009

  Statistics show firm's fixed line customers fall by 3,674 this year, mobile users increase.

• Omantel posts $91m net profit in Q25 August 2009

  Oman telecom operator says performance is 3.25% down on same period in 2008 - statement.

• Omantel sees renting network space as 'win-win' 25 May 2009

  MVNOs targeting other segments of market, such as low income expats - CEO.

• Saudi market closes at highest level in 6 months19 May 2009

  UPDATE 9: Abu Dhabi bourse bolstered by 6.38% rise in Dana Gas.

• Kuwait's Zain buys majority stake in Paltel18 May 2009

  UPDATE 3: Share swap deal sees 1.5m subscribers added to customer base.

• Taqa drags Abu Dhabi to close lower14 May 2009

  Dubai, Qatar, Kuwait, Oman end lower; Bahrain bucks the trend to end marginally higher.

• Omantel CEO resigns as challenges mount29 March 2009

  Mohammed Al Wohaibi says he has resigned from the country's largest telecoms for personal reasons.

• Oman Telecom Q4 net drops 67% on impairment loss15 February 2009

  Omantel's full-year net profit attributable to shareholders rises 4.2% to $303.16m.

• Oman government halts sale of Omantel30 December 2008

  Decision to stop proposed sale of 25% stake was influenced by the current economic climate

• Oman cancels sale of Omantel stake29 December 2008

  Ministry of Finance blames 'unprecedented market volatility and market conditions' for decision.

• Omantel bids for 3rd Iran mobile licence 29 November 2008

  Consortium for exclusive 3G and 2G rights includes unnamed local and international partners.

• 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