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)