Omantel

Oman Telecommunications Company SAOG
Company typePublic
IndustryTelecommunications
Founded1996; 28 years ago (1996)
Headquarters
Muscat
,
Oman
Key people
Number of employees
2,690
Websiteomantel.om

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]

  1. ^ a b "Oman Telecommunications Company". Google Finance. Archived from the original on February 21, 2014. Retrieved March 5, 2009.
  2. ^ "Omani government raises $530m from sale of 19% of Omantel".
  3. ^ "Omantel acquires 65% stake in WorldCall Pakistan". Inside Telephony. April 19, 2008. Archived from the original on July 3, 2008. Retrieved March 5, 2009.
  4. ^ Omantel completes $2bn acquisition of Zain shares Arabian Business
  5. ^ "Omantel rolls out high speed internet connection via fibre-to-the-home technology", Times of Oman, March 16, 2015. Accessed 06 July 2015
  6. ^ "Omantel bags MENA Excellence Award in Employee Engagement", Times of Oman, May 26, 2015. Accessed 06 July 2015.
  7. ^ "Omantel launches mobile 5G services in Oman", SatelliteProMe.com, February 15, 2021. Accessed 03 March 2021