Omantel Q1 net profit up 34%

10 May 2019

Oman Telecommunications Company (Omantel), the Sultanate’s incumbent telecoms operator, has announced its unaudited financial results for the first three months of 2019, including the effect of fully-consolidated Zain Group results. Omantel has posted group revenue of OMR628.7 million (USD1.6 billion) for Q1 2019, compared to OMR470.0 million a year earlier, mainly due to the consolidation of Zain’s revenue, while turnover from domestic operations fell 10% year-on-year to OMR130.5 million. Group EBITDA rose by 77% to OMR269.9 million in 1Q19, while net profit grew 34% from OMR45.2 million to OMR60.5 million over the same period. Domestic profit rose 12% y-o-y to OMR19.0 million, on the back of growth in fixed line revenue, improved gross margins and cost optimisation measures.



Have feedback, corrections, or story ideas? Send them to

Browse Past Issues


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.