Omantel
 | |
| Company type | Public |
|---|---|
| Industry | Telecommunications |
| Founded | 1996 |
| Headquarters | , |
Key people |
|
Number of employees | 2,690 |
| Website | omantel |
Oman Telecommunications Company (Omantel) is the first telecommunications company in Oman and is the primary provider of internet services in the country. The government of Oman owns a 51% share in Omantel.[2]
Omantel acquired 65% of WorldCall Pakistan in 2008.[3] In the biggest transaction of its kind in Middle East & North African Region (MENA)[citation needed], One of the directors was later charged for corruption in this acquisition, which resulted in a loss of almost 200 million US dollars for the company. Omantel acquired 12.1% of Zain Group stake worth of $2.19 billion in 2017, making it the second largest shareholder with 21.9% stake.[4]
Omantel has established itself as a major international hub, with currently ten submarine cables landing in Oman, e.g. TWA, EIG, PLAG, Falcon, EPEG, SMW-3, Mena, POI, OMRAN, GBI and BBG.
In 2015 it announced a project that will implement FTTH technology in the country.[5] The same year, it won an award for its human resources standard of quality.[6]
Omantel is the first telecommunication operator in Oman to launch a 5G network.[7]
References
[edit]- ^ a b "Oman Telecommunications Company". Google Finance. Archived from the original on February 21, 2014. Retrieved March 5, 2009.
- ^ "Omani government raises $530m from sale of 19% of Omantel".
- ^ "Omantel acquires 65% stake in WorldCall Pakistan". Inside Telephony. April 19, 2008. Archived from the original on July 3, 2008. Retrieved March 5, 2009.
- ^ Omantel completes $2bn acquisition of Zain shares Arabian Business
- ^ "Omantel rolls out high speed internet connection via fibre-to-the-home technology", Times of Oman, March 16, 2015. Accessed 06 July 2015
- ^ "Omantel bags MENA Excellence Award in Employee Engagement", Times of Oman, May 26, 2015. Accessed 06 July 2015.
- ^ "Omantel launches mobile 5G services in Oman", SatelliteProMe.com, February 15, 2021. Accessed 03 March 2021
External links
[edit]- "Official Omantel website". Retrieved February 21, 2010.
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