Saturday 23 July 2016
 
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Omantel

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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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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