Zain Group and STC have both applied to become the third mobile operator in Oman as the country's regulator looks to award its first licence since 2004, according to a new Reuters report.
Bader Al Kharafi, Zain vice-chairman and group CEO said: “The bid included a comprehensive business, financial and technical plan as well as a commercial proposal for the third licence. Zain considers the Omani telecom market a promising growth opportunity complementing our regional footprint. Should we be successful, I’m confident the Omani community would warmly welcome the Zain brand and the new mobile operation would be value accretive to Zain’s shareholders.”
The shortlist of qualified applications will be announced on Aug14, and the winning bid will be announced on Sept 4, according to statements from the companies.
TRA Oman said last year that it was inviting bids for what will be the first mobile network operator licence Oman has awarded since Ooredoo Oman in 2004. Omantel and Ooredoo Oman each have a market share of about 41 per cent, with virtual mobile network operators holding about 17 per cent, the regulator says.