| 27 Sep 2007 |
|
Omantel board clears proposal to buy stake in Worldcall
- Text size
MUSCAT -- The board of Oman Telecommunication CompanyOman Telecommunication Company
(OmantelOmantel) yesterday approved a proposal to acquire majority share in Worldcall Telecommunication a Pakistan-based telecommunication service provider. However, finalisation of the deal is subject to the approval of Worldcall shareholders and Pakistan's regulatory authorities, a company statement said. (FinCorpFinCorp) found that OmantelOmantel share is the cheapest telecommunication stock in the region in terms of price earning ratio. The report said that OmantelOmantel's decision to acquire a majority stake of 65 per cent of Worldcall Telecom was a qualitative leap, especially in view of the fact that the Pakistani telecommunication market is currently witnessing marked growth. This will add to OmantelOmantel profits in the near future. This is also important in view of the fact that the Sultanate's telecommunication market is saturating. OmantelOmantel
and its partner Belgian Telecom Company (Belgacom) have decided to withdraw from competition for a second mobile licence in Qatar. Fincorp report expects that OmantelOmantel's revenues for 2007 would reach RO 355.4 million, then increase to RO 393.3 million in 2008 and to RO 427.8 million in 2010. OmantelOmantel's net profits for this year will increase to RO 101.7 million, and move up to RO 111.2 million in 2008. Net profits winning streak will continue in the following years to hit RO 113.5 million in 2009, RO 117.5 million in 2010 and RO 119.9 million in 2011, the report noted.By Business Reporter
© Oman Daily Observer 2007
x
DISCLAIMER
Zawya is a distributor (and not a publisher) of content supplied by third parties and subscribers. Any opinions, advice, statements, services, offers, or other information or content expressed or made available by those third parties, including information providers, subscribers or other users of the Service, are those of the respective author(s) or distributor(s) and not of the Company. The Company neither endorses nor is responsible for the accuracy or reliability of any opinion, advice or statement made on the Service by anyone other than authorized Service employee spokespersons while acting in their official capacities. The Company is not responsible for any infringement of intellectual property rights or breach of any applicable law or regulation, including regulation in relation to financial services or the distribution of financial products, defamation, data protection, telecommunications (including regulations relating to excessive use, spamming or other abusive activities) or obscene, offensive or illegal content). Under no circumstances will the Company be liable for any loss or damage caused by a member's reliance on information obtained through the Service. It is the responsibility of member to evaluate the accuracy, completeness or usefulness of any information, opinion, advice or other content available through the Service. Please seek the advice of professionals, as appropriate, regarding the evaluation of any specific information, opinion, advice or other content.
Read the full Member Agreement
http://www.zawya.com/legal/NewsLetter.cfm?name=disclaimer
Zawya is a distributor (and not a publisher) of content supplied by third parties and subscribers. Any opinions, advice, statements, services, offers, or other information or content expressed or made available by those third parties, including information providers, subscribers or other users of the Service, are those of the respective author(s) or distributor(s) and not of the Company. The Company neither endorses nor is responsible for the accuracy or reliability of any opinion, advice or statement made on the Service by anyone other than authorized Service employee spokespersons while acting in their official capacities. The Company is not responsible for any infringement of intellectual property rights or breach of any applicable law or regulation, including regulation in relation to financial services or the distribution of financial products, defamation, data protection, telecommunications (including regulations relating to excessive use, spamming or other abusive activities) or obscene, offensive or illegal content). Under no circumstances will the Company be liable for any loss or damage caused by a member's reliance on information obtained through the Service. It is the responsibility of member to evaluate the accuracy, completeness or usefulness of any information, opinion, advice or other content available through the Service. Please seek the advice of professionals, as appropriate, regarding the evaluation of any specific information, opinion, advice or other content.
Read the full Member Agreement
http://www.zawya.com/legal/NewsLetter.cfm?name=disclaimer
Access to this article is subject to specific terms and condition.
Post a Comment
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse.