Thursday 31 July 2014
Oman Telecommunications

Omantel appoints new chief executive

Oman Telecommunications (Omantel) has appointed Talal Said Marhoon al-Mamari as the new chief executive, the company said in a statement on Sunday. Mamari is a company veteran and was previously chief financial officer. He has rep


Omantel sees marginal rise in Q3 profit

Oman Telecommunications (Omantel) posted a slight rise in third-quarter net profit, missing analysts' estimates as rising costs and losses from a Pakistan unit offset mobile broadband gains and lower asset depreciation. The fo


Omantel Q2 profit falls 19pc

Oman Telecommunications Company (Omantel) posted a 19-per cent drop in second-quarter net profit, missing analysts forecasts, as its operating costs rose. The national telecoms provider made a profit of RO28.56 million ($74.18 million) in


Omantel boosts stake in Oman Fiber Optic

Omantel, the largest telecom company in the Sultanate, plans to boost its stake in Oman Fiber Optic Company to 40 per cent, in a move seen by analysts as a shift in strategy towards local investments. 'We would like to inform that the


Omantel Q2 net profit slips 3.26pc to $91m

Oman Telecommunications (Omantel) reported net profit of OR35.14 million ($91.27 million) in the second quarter on Wednesday, down 3.26 per cent from the year-earlier period. The company posted net profit of OR73.038 million in the six mon


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

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