Tuesday 21 October 2014
 
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Omantel

Omantel posts flat Q2 profit

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.

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Omantel Q1 net profit rises 18pc

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.

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Oman raises $530m in Omantel stake sale

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. The governmen

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Omantel share sale subscribed 1.99 times

The first part of the Oman government's sale of a 19 per cent stake in telecommunications operator Omantel, part of efforts to revive its privatisation programme, was 1.99 times subscribed, the company said on Sunday.  

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Oman to begin Omantel stake sale next week

Oman will begin the sale of a 19 percent stake in its former telecommunications monopoly Omantel next week, according to a report on state news agency ONA, which quoted a government official. The government will offload 142.5 mill

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Omantel profit up 13pc despite revenue drop

Oman Telecommunications (Omantel) reported a 13 percent rise in fourth-quarter profit on Wednesday despite a slight drop in revenue as costs also fell. The former monopoly made a net profit of 29.7 million rials ($77.14 million) i

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Oman to sell 19pc of Omantel in 2 phases

Oman will sell 19 per cent of its former telecommunications monopoly Omantel in two phases, with the first reserved for wealthy local investors and due to finish in March and the second open to all Omanis, Omani media reported. Th

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Broadband revenue boosts Omantel profit

Oman Telecommunications (Omantel) reported a 3.9 percent rise in third-quarter profit on Tuesday, beating analyst estimates as broadband revenue increased. The former monopoly made a net profit of 29.1 million rials ($75.58 millio

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Bank Muscat to arrange Omantel stake sale

Oman has appointed the Gulf state's top lender Bank Muscat to arrange a secondary share sale of a 19 percent stake in its biggest mobile telecommunications operator, Oman Telecommunications Co (Omantel). The government plans t

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Oman revives plan to sell stake in telecom firm

Shares in Oman Telecommunications Co (Omantel) plunged to a 10-week low on Tuesday after the government rekindled plans to reduce its stake in the former monopoly.   Omantel

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