Oman Telecommunications Co (Omantel) posted a 66.9-percent drop in fourth-quarter net profit to about 9.744 million rials ($25.31 million) as it booked impairment losses related to a Pakistani investment.
Omantel's full-year net profit
Oman Telecommunications Company (Omantel) said it paid $193 million for Pakistan's Worldcall Telecom, its biggest investment outside its home country.
The state-controlled company said in May it was in talks to buy a Pakistan telecom opera
Oman Telecommunications Co. (Omantel) expects to conclude a deal to buy 65 percent of Pakistan's Worldcall by the end of the month, its chief executive said on Sunday.
The deal, which would allow Omantel to gain a foothold in the world's t
Oman Telecommunications Company (Omantel) said it was considering a bid for a majority stake in Pakistan's Worldcall to gain a foothold in the world's third-fastest growing telecoms market.
Omantel, the country's second largest firm by mar
Oman Telecommunications Company has agreed to buy a majority stake in Pakistan's Worldcall, a Worldcall source said
Industry sources say the deal could be worth more than $171 million.
Omantel has been planning to expand outside it