Saturday 25 November 2017
 
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Omantel

Omantel buys strategic stake in Zain group

Oman Telecommunications said it has won the bid to acquire 12.1 per cent of the issued share capital in top Kuwaiti telecommunications company Zain, thus making it the second largest shareholder in Zain Group with a 21.9 per cent stake.

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Omantel rating on review for downgrade, says Moody’s

Moody's Investors Service has today placed the Baa2 long-term issuer rating of Oman Telecommunications Company (Omantel) on review for downgrade. The decision to place the rating on review for downgrade was prompted by the ann

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Zain and Omantel complete treasury share sale

Omantel and Zain have closed the treasury shares transaction by which Omantel bought a key stake in the latter for $846.1 million. This announcement came after an auction process managed by the Boursa Kuwait in which Omantel won the bid

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Oman Air to share offices with Omantel in Duqm, Khasab

Oman Air has announced the soft opening of its retail offices within the Omantel premises in Duqm and Khasab. The move into Omantel’s offices is expected to leverage the already existing relationship following the recently s

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Omantel, ITA renew contract for govt network

Oman Telecommunication Company (Omantel) recently signed a five-year renewal agreement with the Information Technology Authority (ITA) to renew the Oman Government Network (OGN) contract, a report said. The second renewal of the c

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Oman Air, Omantel sign partnership agreement

Omantel, the sultanate’s leading telecom provider, and Oman Air have signed a partnership agreement that will result in the enhancement of the value of the services provided by both the companies. It will also enable them to

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Omantel gets non-binding offer for WorldCall stake

Oman Telecommunications (Omantel) said on Tuesday it had received another non-binding offer for its shares in Pakistan's WorldCall Telecom Ltd . It gave no details of the identity of the potential acquirer but said in a filing

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Omantel ends WorldCall stake sale talks

Oman Telecommunications (Omantel) said on Thursday it had ended discussions with a Pakistan investor interested in buying Omantel's shares in Pakistan's WorldCall Telecom Ltd. Omantel took a 56.8 per cent stake in the dive

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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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