Omantel's profit up 25% in Q3

Telco sees revenues and profits rise as customer base grows
Omantel managed to increase its subscriber base in Q3.
Omantel managed to increase its subscriber base in Q3.


Oman’s incumbent operator, Omantel, posted a net profit of OR28m ($72.7m) for Q3 2011, a rise of 25% compared to the OR22.4m profit the company reported for the same period last year.

The telco’s revenues rose by 13% in Q3 to reach OR109.9m, conmpared to OR97.4m in 2010.

The telco said that the profit rise was partly owing to a rise in subscriber numbers, although the results fell slightly short of analysts forecasts, according to Reuters.


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