Wednesday 30 July 2014

Omantel Q4 net drops 67pc to $25m

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


Omantel buys Pakistan's Worldcall for $193m

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


Omantel to buy 65pc of Pakistan's Worldcall

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


Omantel readies bid for Worldcall

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


Omantel agrees to buy Worldcall

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

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