06 July 2010
MUSCAT -- Oman Telecommunications Company SAOG (Omantel) has obtained regulatory approval to increase its shareholding in Oman Fiber Optic Company SAOG (OFO) to 40 per cent. This follows the acquisition of a further 15 per cent stake in Rusayl-based OFO, the telecom services provider said in a notification to the Muscat Securities Market (MSM) yesterday.
OFO, a listed company traded on the MSM, manufactures cables for long haul backbone communication links, LAN networks, video transmission and cable TV, traffic signalling, FTTH solutions, security systems, and defence and specialty applications.
Major shareholders in OFO, besides Omantel, include Gulf Investment Corporation of Kuwait, Omzest, and Oman & Emirates Investment Holding Company.
MUSCAT -- Oman Telecommunications Company SAOG (Omantel) has obtained regulatory approval to increase its shareholding in Oman Fiber Optic Company SAOG (OFO) to 40 per cent. This follows the acquisition of a further 15 per cent stake in Rusayl-based OFO, the telecom services provider said in a notification to the Muscat Securities Market (MSM) yesterday.
OFO, a listed company traded on the MSM, manufactures cables for long haul backbone communication links, LAN networks, video transmission and cable TV, traffic signalling, FTTH solutions, security systems, and defence and specialty applications.
Major shareholders in OFO, besides Omantel, include Gulf Investment Corporation of Kuwait, Omzest, and Oman & Emirates Investment Holding Company.
© Oman Daily Observer 2010
