Eight companies interested in 25% Omantel stake

19 Aug 2008

An official from Oman’s Ministry of Finance has revealed that eight telcos have expressed formal interests in bidding for the 25% stake in Omantel that has been put up for sale by the government. Saudi Telecom Company (STC) and Etisalat are two of the companies said to be in the running. A shortlist of four or five operators will now be drawn up and required to submit bids. The sale should be concluded by December 2008.

Oman, Etisalat UAE, Saudi Telecom Company (stc)