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
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.
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, 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
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
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