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Omantel nine months revenue declines

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Omantel nine months revenue declines

Oman Telecommunications Company (Omantel), the Sultanate’s incumbent telecoms operator, reported group revenue of RO 1,802.2 million (USD4.7 billion) for the first nine months of 2021, representing a decline of 3.1% compared to same period in 2020.

The primary provider of internet services in Oman said that the domestic turnover also fell 3.2% to OMR396.9 million due to a decline in pre-paid mobile revenue amid disruptions caused by the COVID-19 pandemic.

“Revenues growth achieved in Mobile Postpaid and Fixed Broadband have contributed in managing the margin for the third quarter of 2021, despite a fall in Mobile Prepaid due to challenging market conditions,” said the operator.

The net profit of its domestic operations stood at RO 54.7 million, which is a decline of 2.3 per cent in comparison to Year 2020 performance, the publicly listed company said.

Omantel reported a total of 3.303 million fixed and mobile subscriptions (excluding mobile resellers) at 30 September 2021, an increase of 0.5% from 3.286 million twelve months earlier.



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