Omantel signs financing facility to pay for Woldcall purchase

26 Jun 2008

Omantel has signed a USD205 million financing facility with Mashreqbank. The money is expected to be used to pay for a 65% stake in Pakistan-based cableco and WiLL operator Worldcall Telecom. Omantel’s board approved the purchase in October 2007 and the price was finalised in February 2008.

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.