Omantel completes 12% stake buy in Zain Group

Monday 13 November 2017 | 09:49 CET | News
Omantel has completed the acquisition of a 12.1 percent stake in Zain Group for USD 1.35 billion, making Omantel the second largest shareholder in Zain Group with a 21.9 percent stake. The acquisition creates a  group that will be the third largest combined telecoms group in the MENA region, with 52 million customers. 

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Omantel / Zain Group
Countries: Middle East
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Omantel posts OMR 125 mln net profit for H1

Published 06 Aug 2018 11:19 CET | Oman
Omantel has reported a net profit of OMR 125.4 million for the six months to 30 June compared with a net profit of OMR 39.8 ...

Omantel starts roadshow for bond offering

Published 10 Apr 2018 11:42 CET | Oman
Oman operator Omantel confirmed plans for a new bond offering and said it will start holding international investor meetings from ...

Zain Group FY revenue falls 5% to KWD 1 bln, customer base down 1%

Published 07 Feb 2018 16:17 CET | Africa
Middle East mobile operator Zain Group saw its revenues decrease by 5 percent in 2017 to KWD 1.03 billion. EBITDA for the period ...

Omantel waits for Zain Group results before revealing own figures

Published 17 Jan 2018 10:49 CET | Oman
Omantel said that the company is currently not in a position to disclose the initial unaudited financial results, as the Zain ...

Omantel introduces family home broadband plans

Published 27 Nov 2017 09:39 CET | Oman
Omantel, has announced the launch of Family Home Broadband (HBB) plans, for a 60-day period. Customers can add a certain number ...

Omantel selects Ericsson for 5G testing

Published 15 Nov 2017 09:53 CET | Oman
Omantel has selected Ericsson to begin tests of 5G equipment in partnership with other companies, reports Tahawul Tech. They are ...

Omantel subscriber base rises 7.4% to 3.57 mln in Q3

Published 09 Nov 2017 09:49 CET | Oman
Omantel's domestic subscriber base was up 7.4 percent year on year at 3.57 million on 30 September from 3.32 million on the same ...

Omantel buys another 12.1% stake in Zain Group for USD 1.35 bln

Published 26 Oct 2017 10:45 CET | Middle East
Omantel said it has signed an agreement with Al Khair National for Stocks & Real Estate Company, Kuwaiti British Readymix Company ...

Omantel offers to buy another 12% of Zain from investment group

Published 10 Oct 2017 11:10 CET | Oman
Omantel is seeking to increase its stake in Zain Group, worth around KWD 290 million, two months after purchasing a minority ...

Omantel CEO appointed to Zain board

Published 20 Sep 2017 16:11 CET | Middle East
Oman operator Omantel has announced that its CEO Talal Said Marhoon Al Mamari has been appointed to the Zain Group board as a ...

Zain completes treasury share sale to Omantel

Published 24 Aug 2017 16:48 CET | Middle East
Omantel has completed the acquisition of 425.7 million treasury shares of Zain, representing 9.84 percent of the mobile ...

marketshare Delta/Caiw on broadband market
Netherlands  |  2018 Q2

Calendar   /   Industry Events

22 Oct SCTE ISBE Cable Tec Expo
22 Oct International Conference of Data Protection and Privacy Commissioners
24 Oct M1 Q3 2018
24 Oct Microsoft fiscal Q1
24 Oct Line Q3 2018
24 Oct Telenor Q3 2018
24 Oct Technicolor Q3 2018
24 Oct F5 Networks fiscal Q4
24 Oct Smith Micro Q3 2018
24 Oct Orange Belgium Q3 2018
24 Oct KPN Q3 2018
24 Oct STMicroelectronics Q3 2018
24 Oct AT&T Q3 2018
24 Oct HPE Securities Analyst Meeting
24 Oct ENISA – Europol Conference on the Internet of Things
24 Oct Broadband World Forum
24 Oct Women in TMT M&A
25 Oct Snap Q3 2018
25 Oct Netgear Q3 2018
25 Oct Avnet fiscal Q1
25 Oct ZTE Q3 2018
25 Oct Amazon Q3 2018
25 Oct Megacable Q3 2018
25 Oct Lattice Semiconductor Q3 2018
25 Oct Netia Q3 2018
25 Oct Iridium Q3 2018
25 Oct Orange Q3 2018
25 Oct Comcast Q3 2018
25 Oct Shaw fiscal Q4
25 Oct Alphabet Q3 2018
25 Oct Digital Realty Q3 2018
25 Oct VeriSign Q3 2018
25 Oct Aspocomp Q3 results
25 Oct Twitter Q3 2018
25 Oct NextGenTel Q3 results
25 Oct Oracle
25 Oct Nkom H1 Norway telecoms statistics
::: More Calendar Items