| Oman Telecommunications Company SAOG | |
| Type: | Public |
| Industry: | Telecommunications |
| Num Employees: | 2,690 |
| Location City: | Muscat |
| Location Country: | Oman |
Oman Telecommunications Company (Omantel) is the first telecommunications company in Oman and is the primary provider of internet services in the country. The government of Oman owns a 51% share in Omantel.[1]
Omantel acquired 65% of WorldCall Pakistan in 2008.[2] In the biggest transaction of its kind in Middle East & North African Region (MENA), One of the directors was later charged for corruption in this acquisition, which resulted in a loss of almost 200 million US dollars for the company. Omantel acquired 12.1% of Zain Group stake worth of $2.19 billion in 2017, making it the second largest shareholder with 21.9% stake.[3]
Omantel has established itself as a major international hub, with currently ten submarine cables landing in Oman, e.g. TWA, EIG, PLAG, Falcon, EPEG, SMW-3, Mena, POI, OMRAN, GBI and BBG.
In 2015 it announced a project that will implement FTTH technology in the country.[4] The same year, it won an award for its human resources standard of quality.[5]
Omantel is the first telecommunication operator in Oman to launch a 5G network.[6]