Omani telecom operator Omantel has approved the planned merger of its operations with the mobile unit, Oman Mobile. In a shareholder’s meeting held recently, Oman Mobile approved its merger proposal with Omantel.
Dr Amer bin Awadh Al-Rawas, CEO, Omantel, said that the approval of the planned merger is a legal requirement according to Oman’s commercial companies law.
The merger forms the last step in the merger that was launched three years ago when the operations of both companies were integrated into one unified operating model. Omantel decided to merge the two operations in a bid to increase efficiency.
Al-Rawas said: “In the new integrated operating model, we established three business units of consumer, corporate and wholesale customers offering mobile, fixed and internet services.
“The merger is said to be fully completed in the next few months within the statutory period set by the concerned regulatory bodies,” he added.