Omantel Q1 revenue rises 5%, net profit up 18%

8 May 2014

Oman Telecommunications Company (Omantel), the Sultanate’s incumbent telecoms operator, has reported revenues of OMR120.2 million (USD311.3 million) for the first quarter of 2014, an increase of 5.0% from OMR114.5 million in the year-ago period. Net profit was OMR34.4 million for the first three months of 2014, up 18% from OMR29.1 million in 1Q13, while group operating expenses declined by 0.9% to OMR83.1 million from OMR83.9 million over the same period, which was mainly attributed to several cost optimisation initiatives carried out by the company. Total Omantel subscribers (including Pakistani subsidiary Worldcall Telecommunications) reached 4.042 million at the end of March 2014, an increase of 4.1% from 3.883 million a year earlier. The firm’s domestic subscriber base increased 5.3% year-on-year to 3.113 million (excluding mobile resellers), while Worldcall customers reached 929,000.

Subscribe

Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate

Feedback

Have feedback, corrections, or story ideas? Send them to editors@commsupdate.com.

Browse Past Issues

Filter

Filter CommsUpdate by the following categories or use the search.

Search

Visit our help page information on performing advanced searches, including how to restrict the results by country or company.

Advertise

CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.

Share