By Staff writer
Third player to join Omantel and Ooredoo Oman in highly competitive market
Oman’s telecoms regulator has kicked off the bidding process for the country’s third mobile licence.
Mobile services in the country are currently offered by state-owned Omantel and Qatar’s Ooredoo.
In a statement, Oman’s Telecoms Regulatory Authority (TRA) said that the detailed bidding process had been announced by an information memorandum.
“The TRA considers that the enhancement of competition in the mobile telecommunications services will benefit consumers and the Sultanate’s economy,” the regulator said, in a statement.
“It is also in consistent with the general policy of the government, as well the TRA’s mandate to promote market entry under the telecommunications regulatory act through the availability of a range of additional radio spectrum to provide a multitude of mobile telecom services, particularly mobile broadband to the consumers. The bidding process is available through the purchase of IM, which is available on the TRA website ( www.tra.gov.om ).”
Omantel saw its net profit for the first six months of 2016 rise by 9 percent to OR66.8 million ($174 million.
Meanwhile, Ooredoo Oman’s net profit increased by 12 percent to OR24.9 million riyals in the first six months, compared to the same period a year earlier.