Omantel signs agreement to buy additional 12.1% stake in Kuwait's
(Times of Oman - 29/10/2017)
A share purchase agreement to acquire an additional 12.1 per cent stake in Kuwait's Mobile Telecommunications (Zain) Company was signed by Oman Telecommunications Company (Omantel) with three stake holders of the Kuwait telecom firm. The majority
Omantel eyes bridge loan for Zain deal
(Oman Tribune - 16/10/2017)
Telecom leader Omantel is to look at bridge loan facility to finance its additional 12 per cent stake acquisition in Kuwait-based Zain Group. In its filing to the Muscat Securities Market on Monday, the company said that its supplementary disclosure
3pc growth in Omantel Group Q3 revenues
(Oman Daily Observer - 16/10/2017)
Oman Telecommunications Company (Omantel) posted a three per cent increase in the Group's revenue for the third quarter ended September 30, 2017. Announcing its preliminary unaudited financial results, the Sultanate's biggest telecom operator said that
Omantel seeks to acquire additional 12pc stake in Zain
(Oman Daily Observer - 10/10/2017)
Majority government owned telco Omantel has announced that it has signed a non-binding letter of intent with Al Khair, a company registered in State of Kuwait, to acquire all of its shares and the shares of its subsidiaries/affiliates in Kuwait-based
Omantel offers to acquire further 12% of Zain in $960M deal
(The National - 09/10/2017)
Omantel, the largest mobile operator in the sultanate, seeks to increase its stake in regional telco Zain, worth around $960 million, two months after purchasing a minority share in the Kuwait-based operator. The Muscat-based telco signed a non-binding
Omantel to provide telecom solutions for Aqar projects
(Oman Daily Observer - 02/10/2017)
Omantel has signed a memorandum of understanding with Al Khonji Holding (Aqar) in Oman to facilitate high speed telecommunications services through fibre optic cables for 'Rimal' and 'The Office' projects. Sami al Ghassany, Chief Operating Officer at
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