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Following an in-depth evaluation of the submissions of expressions of interest, the Ministry of Finance has confirmed that 8 (eight) telecom operators have been selected to participate in the next phase of the sale process.
The Ministry, together with its advisors, is now in contact with the qualifying telecom operators that will be invited to submit first round technical and financial proposals for a 25% stake in Omantel. This includes prominent European, Asian and regional telecom operators.
H.E. Darwish Ismail Al Bulushi, Secretary General of the Ministry of Finance and Chairman of the Steering Committee overseeing the Omantel strategic partnership process, said:
"The quality and number of expressions of interest received were very strong. The level of interest is testament to the quality of the Omani macro economic scene, the opportunity in the Omani telecoms market and of Omantel itself. The selected parties are being contacted and we now look forward to receiving the parties' first round proposals in the second half of September."
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Posted by Siba Sami Ammari
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