Omantel purchase of Worldcall to be concluded this month

13 Aug 2007

Oman Telecommunications Co (Omantel) expects to conclude a deal to buy 65% of fixed wireless telco Worldcall by the end of the month. The deal, which would allow Omantel to gain a foothold in the world’s third-fastest growing telecom market, is worth in the region of USD156 million. Omantel initially expected to conclude the purchase of a majority stake in the wireless in the local loop operator in June.