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Tue 6 Sep 2016 02:02 PM

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Omantel gets another non-binding offer for WorldCall stake

Omani telco says offer for its shares in Pakistan's WorldCall Telecom Ltd is subject to further studies

Omantel gets another non-binding offer for WorldCall stake

Oman Telecommunications (Omantel) said on Tuesday it had received another non-binding offer for its shares in Pakistan's WorldCall Telecom Ltd.

It gave no details of the identity of the potential acquirer but said in a filing to Oman's bourse that the offer was subject to further studies.

Last month, Omantel said it had ended discussions with a Pakistan investor about purchasing its 56.8 percent stake in the diversified telecommunications operator after a period of due diligence did not yield a favourable deal.

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