Thursday 29 September 2016
 
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Omantel

Omantel gets 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

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Omantel ends WorldCall stake sale talks

Oman Telecommunications (Omantel) said on Thursday it had ended discussions with a Pakistan investor interested in buying Omantel's shares in Pakistan's WorldCall Telecom Ltd. Omantel took a 56.8 per cent stake in the dive

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Omantel lands AAE-1 subsea cable in Oman

Oman Telecommucations Company (Omantel) has announced the landing of the Asia Africa Europe-1 (AAE-1) submarine cable system in Oman, reported local media. The third longest submarine cable in the world spanning about 25,000 km, t

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Omantel inks deal for supply of subsea cable system

Omantel, a leading telecom of Oman and Multinet Pakistan, a leading domestic and international carrier in Pakistan, and Xtera Communications, a leader in optical transport solutions, have signed a turnkey supply agreement for the new subsea cabl

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$129m venture capital firm launched in Oman

The State General Reserve Fund (SGRF), Oman Oil Company, the Research Council and Omantel have launched the first equity-based venture capital firm Innovation Development Oman Holding (IDO) in Oman with initial capitalisation of RO50 million ($1

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Omantel lands undersea cable AAE-1 in Europe

Omantel, a top telecom provider in Oman, has announced the landing of the Asia Africa Europe-1 (AAE-1) cable system in the French city of Marseille. Spanning approximately 25,000 km, the AAE-1 submarine cable is one of the first u

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Omantel Q1 profit edges up 0.6pc

Oman Telecommunications (Omantel) reported a 0.6 per cent rise in first-quarter profit on Thursday, beating analysts' estimates amid strong revenues from fixed and mobile broadband services. The former monopoly made a net prof

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OAMC, Omantel to link all airports

Oman Airports Management Company (OAMC), in collaboration with telecom services provider Omantel, will link all airports in Oman through fixed telecommunications solutions, said a report. The first phase of the project will connect Musc

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Omantel scraps $130m dual-currency sukuk

Oman Telecommunications Co (Omantel) scrapped plans for a $130 million, five-year dual-currency sukuk issue because the interest rates offered by lenders were too high, the company's chief executive said. Last month, the state

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Bids invited for Omantel HQ project

Oman Tourism Development Corporation (Omran) has invited bids for the construction of the new headquarters for Oman Telecommunications Company (Omantel) at its upcoming convention and exhibition centre in capital Muscat. The project wil

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