Omantel provides fixed-line, mobile, Internet and data and other telecommunications services directly and through its subsidiaries in Oman.

The company's mobile services provider, Oman MobileOman Mobile, accounted for 79% of total subscribers and 59% of total revenues. Oman MobileOman Mobile ended 2007 with a 19% increase in subscribers to 1.483 million and a 9.5% decrease in market share. Oman MobileOman Mobile lost its monopoly in 2004 when the Omani Qatari Telecommunications CompanyOmani Qatari Telecommunications Company (Nawras) was established.

The first fixed-line telecom operator as of 2007, Omantel will lose its monopoly in this sector by the end of 2008, when a new fixed-line operator is selected. Omantel had 276,843 fixed line subscribers or 14.8% of the company’s total and 15.1% of total revenues in 2007. The company had 89,578 Internet and data subscribers which accounted for 7.07% of revenues in the same year.

Omantel completed its first international acquisition in April 2008 with a 65% stake in Worldcall for OMR77.1 million (USD200 million). The Pakistan-based fixed and Internet services provider had OMR27 million (USD70 million) in revenues, OMR3.86 million (USD10 million) in profits and 635,000 group subscribers in June 2007. The deal also included a 70.65% share in Worldcall Telecommunications Lanka, a subsidiary that operates a public payphone network in Sri Lanka.

The company’s 2007 revenues increased by 13% to OMR365.3 (USD952 million) from the previous year and its total subscribers grew by 15% to 1.87 million. Profits in 2007 jumped by 39% from the previous year to OMR112.03 million (USD292 million).

Omantel is merging Oman Mobile’s management to its own and plans to increase Internet subscribers by 75% by the end of 2008. The company was formerly known as the General Telecommunications Organization (GTO), a government agency in charge of the country’s communications since the early 1970's. Omantel underwent an IPO in 2005 on the Muscat Securities MarketMuscat Securities Market, which raised OMR288 million (USD748 million) for 30% of the company’s shares.