Friday 12 February 2016
 
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Omantel

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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Omantel launches $130m debut sukuk

Oman Telecommunications Co (Omantel) has opened for subscription its debut RO50 million ($129.9 million) sukuk issue, the former monopoly said on Wednesday. The Islamic bond will have a lifespan of five years, with investors allow

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Omantel picks Teoco for mobile network planning

Omantel, the largest telecom services provider in Oman, has chosen US-based Teoco to provide multiyear managed services that cover radio access network (RAN) planning and optimization, including customer experience management. Oma

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Du, Omantel team up to offer IPTV in Oman

UAE-based du, a major telecom service provider in the Middle East, has partnered with Omantel, Oman’s largest telecom operator, for its award-winning IPTV service platform. Through this regional first tie up between the oper

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Omantel launches Ericsson’s Zero Site solution

Omantel, a leading Omani telecom operator, has announced the launch of the first Zero Site solution from Ericsson in the Sultanate in a bid to meet end user demands with industry leading solutions. During the Khareef season in 201

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Omantel Q2 profit falls 15.5pc

Oman Telecommunications (Omantel) reported a 15.5 per cent fall in second-quarter net profit on Thursday. The former monopoly made a net profit of OR26.7 million ($69.35 million) in the three months to June 30, down from OR31.6 mi

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Omantel Q1 net profit rises

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

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Omantel to appeal $13m regulator fine

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

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Oman telecom regulator fines Omantel $13m

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

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