Oman Telecommunications Company

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Recent Articles

• 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%

• Worldcall gives nod to Omantel deal8 November 2007

  Pakistani operator accepted offer of Omani telco to buy 60% of its shares in a deal worth $185.6mn.

• Omani provinces get connected1 November 2007

  Omantel expands its broadband coverage with the addition of 14,000 lines

• Royalties cut boosts Omantel earnings28 October 2007

  Omani operator almost doubles profit to record in Q3 after gov't cuts royalties telco pays on revenue.

• Etisalat eyes stake in Omantel17 October 2007

  UAE operator signals interest in buying stake in telco, part of which gov't of Oman is looking to sell.

• Omantel nets $36mn from royalty cut6 October 2007

  Operator's profits set to soar this year as gov't cuts royalties demand to 7% of revenue, official says.

• Omantel shares rise after royalties cut4 October 2007

  Shares jump 10% after Oman cut royalties state-controlled telco pays on revenues, prepared to sell shares.

• Oman to sell telco stake to boost competitiveness3 October 2007

  Gov't plans to sell stake in Omantel to long-term investor, agrees to cut royalties.

• Omantel board approves World Call deal26 September 2007

  Omani operator moves a step closer to sealing agreement to acquire 65% of Pakistani telco.

• Omantel to acquire Worldcall26 September 2007

  Operator to take majority stake in Pakistan-based telco.

• Omantel pulls out of bid for Qatar licence 18 September 2007

  Telco says it is unable to compete in the second phase of bid, no reason given for dropping out.

• Omantel rules out Kuwait licence bid26 August 2007

  Omani telco says it has no plans to compete for a stake in the third mobile operator being set up in Kuwait.

• Omantel set for Worldcall buy12 August 2007

  Telecom on course to buy a 65% stake in Pakistan's Worldcall by the end of the month.