Omantel posts record net income for first quarter

29 Apr 2008

Omantel has posted record net income of OMR38.4 million (USD99.7 million) for the first quarter of 2008, up 60% year-on-year and comfortably ahead of analyst expectations. The result reflects a 15% increase in revenue to OMR98.2 million for the three months, and a 3% fall in operating expenses to OMR57 million. Shares in the company jumped almost 7% to their highest level since 2005.

Oman, Oman Telecommunications Company (Omantel),


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

Subscribe to CommsUpdate



Filter CommsUpdate by the following categories or use the search.


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


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.