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Fri, 09 Jan 2009 | 02:31 GMT

Oman Telecommunications Company   (OTEL.MSM)
Also known as: Omantel, Omantel Group
Sector | Industry
Telecoms and IT | Telecom Operators
 
Country of Origin
Oman
Last Trade
1.536 OMR
+ 0.99%
 
 
 
 
 
 
 
 
 
 
 
 
 
Company Updated: Mar 24, 2008
 
Joint Stock
 
 
Planning, execution and maintenance of the land and mobile telecommunication systems in Oman; provides internet services.
General Telecommunications Organisation until August 1999
1980
2,735 (2,046 Company, 2,735 Group)
Al Multaqa
Al Ufuq
Easylearning
 
Hayyak
Ibhar WiFi
Jibreen
 
Mada
Nama
Sahl
 
Al Ghobra
 
 
Oman (37)
 
 
 
 
OTEL 
Ordinary 
OMR 
 
 Key Officers
Sultan Bin Hamdoun Al Harthi
Chairman
Dr Mohammed Ali Al Wohaibi
Chief Executive Officer
 
 Contact Details
Address:
Al Khuwair Area
P.O. Box 789
Ruwi 112
Oman
 
+968 24-631000
+968 24-631118
 
+968 24-696868
+968 24-694846
 
info@omantel.net.om
 
www.omantel.net.om
 
www.worldcall.com.pk
www.infoline.co.om
www.oec.com.om

 
  Latest Headline
FORECASTS: Oman Market Cos' 4Q Net Profit - Global - Zawya Dow Jones Newswires
 
  Privatization Details
Listing Date:
28Jul05
Size of Offering:
$748.091M
Equity Offering:
30%
Lead
Managers:
BankMuscat
 

  Business Overview
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 MobileLoading..., accounted for 79% of total subscribers and 59% of total revenues. Oman MobileOman MobileLoading... ended 2007 with a 19% increase in subscribers to 1.483 million and a 9.5% decrease in market share. Oman MobileOman MobileLoading... lost its monopoly in 2004 when the Omani Qatari Telecommunications CompanyOmani Qatari Telecommunications CompanyLoading... (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 MarketLoading..., which raised OMR288 million (USD748 million) for 30% of the company’s shares.
 
 
  Industry Benchmarks  Yr 2006  Yr 2007  Change (%)
 
  No of Fixed-Line Subscribers 278,286  276,843  (0.52) 
 
  Penetration Rate - Fixed-Line (%) 9.9%  10.65%  N/A 
View latest report on Telecom 
 
 Major Shareholders
This Requires Subscription
 Available to subscribers only. Information in this section includes Shareholder Names and their corresponding Holding Percentages. » More Details
 
  Organization Structure and Related Entities
Subsidiaries/Associates/Affiliates
 
Name  Country  Holding
Oman Mobile Telecommunications Company Oman 99.00%
Worldcall Telecommunications Lanka [via Worldcall Telecom] Sri Lanka 70.65%
Worldcall Telecom Pakistan 65.00%
Infoline Oman 45.00%
Omania E-Commerce Company Oman 40.00%
Oman Fiber Optic Company Oman 25.96%
Investments
 
Name  Country  Holding
Arab Satellite Communications Organization Saudi Arabia 1.22%
Thuraya Satellite Telecommunications Company UAE 0.79%
Programs and Initiatives
 
Name  Country  Holding
Easy Learning - Oman Oman -
Easy Learning - UAE UAE -
Divisions
 
Name  Country  Holding
Network Management Center Oman -
Traning Center Oman -
Supervising Authority
 
Name  Country  Holding
Telecommunications Regulatory Authority - Oman Oman -
 
 
  Representatives
Auditors
 
Deloitte and Touche
 
Banks
Oman International Bank
BankMuscat
Law Firms
 
Denton Wilde Sapte
 
 
 Summary Financials
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 Available to subscribers only. Information in this section includes key financials data such as Total Revenues, Net Profits, Totals Assets, Shareholder Equity, etc. » More Details
 
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