Oman Telecommunications Company (Omantel) replaced the previous state-owned monopoly General Telecommunications Organization (GTO) in mid-1999 as a result of the Omani government's efforts to privatize the country's telecom services.

The state-owned operator was subsequently split into two companies in February 2004 - Omantel (fixed line and Internet services provider) and Oman Mobile (mobile services provider) under the control of a holding company (Omantel), which now includes 30% public ownership.

Omantel entered the market with an IPO of 225 million shares listed on the Muscat Securities Market (MSM) on July 28, 2005.

While the Omani government has not stated plans of liberalizing the fixed line and / or Internet market in the near future, the country's mobile market opened up to competition.

Nawras, a company managed by a Q-tel led consortium won the bid to operate the country second mobile operator.

Omantel total subscriber base (all services) increased to 1.242 mn in June 2005 from 974K in June 2004 and 1.

092 mn in December 2004. Mobile subscriber base grew to 909K in June 2005 (91.7% market share) from 659K in June 2004 and 806K in December 2004. Fixed line subscribers stood at 238K as of July 2005 comparing with 241K in July 2004.



Omantel employs more than 2200 people with more than 90% Omanisation.

Individuals	N/A
Institutions	N/A
Floating	N/A
Government	N/A

Total Assets
Shareholder's Equity
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Assets Growth
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EPS Growth
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	Trailing
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