Oman Telecommunications (Omantel) reported a 0.6 per cent rise in first-quarter profit on Thursday, beating analysts' estimates despite costs rising faster than revenue.
The former monopoly made a net profit of OR34.6 million
Oman Telecommunications said it would appeal against a $13 million fine imposed on the company by the industry regulator for a nine-hour service interruption last year.
The group, also known as Omantel, will take the matter to arb
Oman's telecommunications regulator has fined Omantel RO5 million ($12.99 million), but the company will appeal, the former monopoly said in a bourse statement on Wednesday.
Omantel did not reveal the Telecommunications
Microsoft Oman in partnership with Omantel and Information Technology Authority (ITA) concluded the roadshow of the 2015 Imagine Cup national competition.
Microsoft Imagine Cup, a cornerstone of the Microsoft YouthSpark initiative
Oman Telecommunications (Omantel) said on Sunday its board would seek shareholder approval for a debut issuance of Islamic bonds, or sukuk, only the second such corporate deal in the Sultanate.
The proposed sukuk, for which no siz
Oman Telecommunications (Omantel) reported an 11 per cent fall in fourth-quarter profit on Sunday, according to Reuters calculations, missing analysts' estimates as it ended a run of five straight quarters of rising earnings.
Oman Telecommunications (Omantel) reported a 3.1 per cent rise in third-quarter profit on Monday, according to Reuters calculations, meeting analysts' expectations.
The former monopoly made a net profit of RO30 million ($77.9
Oman Telecommunications (Omantel) reported a flat second-quarter profit on Tuesday, beating analysts' estimates despite a drop in revenue as expenses also fell.
The former monopoly made a net profit of 31.5 million rials ($81.
Oman Telecommunications (Omantel) reported an 18 percent rise in first-quarter net profit on Wednesday, beating analysts' estimates as wholesale revenue rose by nearly a third to offset declining text and international call income.
Oman's government raised nearly 204 million rials ($530 million) from its sale of a 19 percent stake in Omantel, part of efforts to revive its privatisation programme, a Muscat bourse statement said on Wednesday.