Omantel nine months revenue declines

Omantel nine months revenue declines

Oman Telecommunications Company (Omantel), the Sultanate’s incumbent telecoms operator, reported group revenue of RO 1,802.2 million (USD4.7 billion) for the first nine months of 2021, representing a decline of 3.1% compared to same period in 2020.

The primary provider of internet services in Oman said that the domestic turnover also fell 3.2% to OMR396.9 million due to a decline in pre-paid mobile revenue amid disruptions caused by the COVID-19 pandemic.

“Revenues growth achieved in Mobile Postpaid and Fixed Broadband have contributed in managing the margin for the third quarter of 2021, despite a fall in Mobile Prepaid due to challenging market conditions,” said the operator.

The net profit of its domestic operations stood at RO 54.7 million, which is a decline of 2.3 per cent in comparison to Year 2020 performance, the publicly listed company said.

Omantel reported a total of 3.303 million fixed and mobile subscriptions (excluding mobile resellers) at 30 September 2021, an increase of 0.5% from 3.286 million twelve months earlier.

Sign-up to our weekly newsletter

Keep up-to-date with all the latest news, articles, event and product updates posted on Developing Telecoms.
Subscribe to our FREE weekly email newsletters for the latest telecom info in developing and emerging markets globally.
Sending occasional e-mail from 3rd parties about industry white papers, online and live events relevant to subscribers helps us fund this website and free weekly newsletter. We never sell your personal data. Click here to view our privacy policy.