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Tuesday, 24 November 2009 05:08 UAE time

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Oman Telecommunications Company (Omantel)

Main Category: MTC / PTT Telecommunications Ministry
City : Ruwi
Country : Oman
Phone: 968 50001318
Website: www.omantel.net.om


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Omantel expects to take $24m hit in Q4

Oman Telecoms sees OR9.2m one-off charge after offering voluntary redundancies in a bid to cut costs.

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Omantel's Q3 profit edges up 1.9% to $85.2m

Omani telecoms operator posts profit below analysts' forecast.

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Omantel sees fixed line customers fall by 1.4%

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

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Omantel posts $91m net profit in Q2

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

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Omantel sees renting network space as 'win-win'

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

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Saudi market closes at highest level in 6 months

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

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Kuwait's Zain buys majority stake in Paltel

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

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Taqa drags Abu Dhabi to close lower

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

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Omantel CEO resigns as challenges mount

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

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Oman Telecom Q4 net drops 67% on impairment loss

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

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Oman government halts sale of Omantel

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

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Oman cancels sale of Omantel stake

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

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Omantel bids for 3rd Iran mobile licence

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

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Qtel unit wins Oman fixed-line phone licence

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

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Omantel misses forecasts with 5.8% profit drop

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

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Trading thin on first day of Ramadan

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

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Oman telecom contenders shortlisted

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

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Zain ponders bid for 25% Omantel stake

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

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Oman pre-qualifies eight firms for Omantel stake

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

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Emaar leads slump in region's shares

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

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Omantel hopes to maintain profit level

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

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Saudi Telecom seeks 25% stake in Omantel

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

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Omantel enters $400 million agreement to boost telecom efficiency

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

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Omantel seeks strategic investor

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

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Omantel to sell 25% stake by year-end - CEO

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

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Omantel in UK-India cable deal

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

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Omantel selects Nokia Siemens to improve coverage and services

Network upgrade agreement worth $80-100 million

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Omantel posts record profit on royalty cut

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

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Omantel to launch 16Mbps business broadband service

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

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Gulf markets rebound

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

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Omani telco to up investment, plans IPO

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

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Oman’s internet subscriber base exceeds 100,000

Internet subscriber base tops the 100,000 mark in Oman

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Oman considers 30% Omantel sale

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

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Omantel posts second-biggest profit ever

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

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Oman allows resale of Omantel mobile service

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

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Oman insists on fixed-line telecom monopoly

Oman rules out any immediate end to state monopoly.

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Etisalat mulls over Omantel move

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

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Omantel: Pakistan to drive profits from 2009

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

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Worldcall gives nod to Omantel deal

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

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Omani provinces get connected

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

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Royalties cut boosts Omantel earnings

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

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Etisalat eyes stake in Omantel

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

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Omantel nets $36mn from royalty cut

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

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Omantel shares rise after royalties cut

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

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Oman to sell telco stake to boost competitiveness

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

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Omantel board approves World Call deal

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

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Omantel to acquire Worldcall

Operator to take majority stake in Pakistan-based telco.

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Omantel pulls out of bid for Qatar licence

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

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Omantel rules out Kuwait licence bid

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

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Omantel set for Worldcall buy

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

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Omantel to supply Bank Muscat with MPLS

Oman Telecommunications Company has signed a MultiProtocol Label Switching (MPLS) agreement with Bank Muscat.

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Omantel ready for talks on Worldcall stake

Oman Telecommunications is considering a bid for a majority stake in the Pankistani company.

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Omani operators clear up after Gonu

Nearly two weeks after cyclone Gonu struck Oman, mobile operator Nawras has said it has now restored around 98% of its service to normal.

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Omantel poised for Pakistan acquisition

Company also eyes further expansion opportunities in Gulf region.

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Oman to issue internet and audiotext licences

Oman's telecoms regulator plans to issue Class II licences for the provision of internet and audiotext services in the sultanate, it announced last week.

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Oman Mobile gets house in order

Operator Oman Mobile has cut support costs and boosted productivity by standardising its infrastructure on an optimisation model from Microsoft.

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UAE's second operator pushes for February launch

Du customers will be able to order their SIM cards from February 11, according to du CEO Osman Sultan

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Omantel boosts network with US$25 million investment

Omantel is set to invest RO10 million (US$25 million) in new network infrastructure, to support high growth levels in the Omani market.

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Light years ahead

The issue of the commercialisation of voice over IP (VoIP) was a contentious one in the Middle East region throughout 2006 and this trend looks likely to intensify in 2007 as national regulators attempt to protect the interests of incumbent operators while at the same time promoting the introduction of disruptive technologies.

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Omantel in US$25m network expansion

Oman Telecommunications Company (Omantel), the largest telecommunications service provider in the Sultanate of Oman, is investing US$25million in network expansion, according to a report in The Oman Daily Observer.

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In brief

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Omantel to receive Tejari’s transaction

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Oman makes net gains

With increased regulation and global competition, the Central Bank of Oman needed to speed up the country's interbank payment systems. ACN finds out more.

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Omantel agrees with Tejari Oman to apply e-purchases and transactions

...

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