Integrated Telecommunications Oman SAOC (TeO) has acquired Majan Telecommunications LLC (Renna Mobile), the country's first Mobile Virtual Network Operator (MVNO).
The move broadens TeO's base with Renna's data and voice services. TeO can now serve more than 500,000 active Renna subscribers in the Sultanate. Khalid Zaman, Board director, Integrated Telecommunications Oman SAOC, said: "We are really excited about acquiring Renna Mobile, the fastest growing telecom player in the country."
TeO intends to capitalise on Renna's strengths and aspires to bid for the 3rd MNO spectrum license and become a full service telecommunication service provider in the Sultanate