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Omantel Revenues Grows by 4.0% to R.O 481.2 Mn and Net Profit increased to RO 122.4 Mn
2014 Records the Highest Ever Fixed Broadband Growth
Oman Telecommunications Company S.A.O.G (Omantel. MSM: OTEL), revealed today the Company’s audited financial results for the period ended on 31st December 2014 recording an increase in revenues of 4.0% to R.O 481.2 million compared with R.O 462.9 million in the corresponding period of 2013. Expenses for the period have grown by 2.8% to R.O 350.8 million from R.O 341.4 million in 2013.
The Company’s net profit witnessed an increase of 2.6% and reached RO 122.4 Mn compared to R.O 119.3 million in 2013. This is the highest net profit achieved in last 5 years.
Omantel said that growth was mainly driven by Domestic Retail revenues, which has recorded a growth of 4.3% and now reached RO 392.6 million compared to RO 376.3 million for the corresponding period of year 2013 mainly contributed by broadband and corporate data services. Fixed Line and Mobile Business retail revenues recorded a growth of 10.9% and 2% respectively. Fixed Broadband, Mobile Broadband and Data services revenues increased by 30.4%, 32.1% and 15.4% respectively. Fixed Broadband subscriber net addition in Year 2014 was the highest ever recorded so far.
However, revenues from national, international calls and SMS have continued its declining trend due to Over The Top (OTT) services. Omantel Subsidiary Worldcall (WTL) revenues declined by 26.2%, which impacted overall revenue growth at group level.
Group operating expenses is marginally increased by 2.8% to RO 350.8 million compared to RO 341.4 million for the corresponding period of year 2013. The major reasons for increase in operating expenses are attributed to increase in operating & maintenance (O&M), depreciation, employee costs and administrative expenses.
EBITDA & Net Profit:
EBITDA has recorded an impressive growth of 6.1% and Net Profit after tax has increased by 2.6%. EBITDA and Net Profit margin for the Year 2014 is 44% and 25.4% compared to the corresponding period EBITDA of 43.1% and 25.8% respectively. Group Net Profit is impacted by the loss of WTL.
Broadband segment both Mobile and Fixed Broadband services have been the key driver for the growth. Mobile and Fixed Broadband subscribers grew by 11% and 31%, while revenue also recorded a growth of 32% and 30% respectively.
Omantel domestic subscriber base witnessed a remarkable growth of 7.9% as of 31st Dec 2014 reaching 3.341 million (excluding mobile resellers). Including Worldcall, total subscriber base has reached 4.296 million as of 31st Dec 2014 compared to 4.022 million of the corresponding period of the previous year, a growth of 6.8%
Commenting on the results, Talal Said Al Mamari, Omantel Chief Executive Officer said “Omantel recorded a positive growth across all business lines and was able to close the year with a 4% growth in revenues and 2.6% increase in the net profit”.
“We are pleased with the overall performance in Year 2014 and in particular the growth of fixed broadband services, which is the highest recorded to date. This has been achieved despite unfavorable market conditions and increased competition from Over the Top Players (OTTPS)” Al Mamari furthered.
“I would like to thank our loyal customers, committed employees, visionary Board and supportive shareholders and who have always been part and in support of Omantel’s journey to excellence” Omantel CEO concluded. To find out more about Omantel, log on to www.omantel.om .
Omantel Board Recommends 75% Dividend Distribution
Omantel Board of Directors recommended to the Annual General Meeting of Omantel a dividend distribution of 75% of the nominal value of the share. As Omantel has already paid interim dividend of 40% of the par value on August 2014, the total dividend distribution for the financial year ended 31st December 2014 will be 115%.
Omantel Board will recommend also to the Company’s Annual General Meeting distributing an interim dividend of up to 40% of the par value of the share to be paid on August 2015.
100% Extra credit on Hayyak Top Up
Omantel, the leading telecommunication provider in the Sultanate has announced the latest promotion for Hayyak customers. This new promotion gives Hayyak customers who top up with RO3, RO5 and RO10 or RO3 and above electronically with 100% free extra credit. The offer is available from 6th to 8th January 2015.
The free credit is valid for 7 days from the date of recharge and it may be used for local calls, international calls, SMS/MMS or Pay As You Go Data. The bonus amount cannot be transferred to other customers, nor can it be used for subscriptions services or while roaming.
Commenting on the new offer Shadli Al Abdulsalam, Senior Manager Product Development at Omantel Consumer unit said 'Omantel seeks to provide its customers with value added services and products. This promotion will offer our Hayyak customers 100% free credit when they top up with RO3, RO5 and RO10 cards or RO3 and above electronically. The promotion applies to those who recharge their accounts during the offer period which is valid for three days only. The maximum free bonus is R.O 10 “
"Omantel always seeks to meet the needs of its customers and ensure that they are connected with their world as well as delivering a unique, rewarding and exciting experience, he added.
Omantel is the pioneer provider of leading edge telecommunications services in the Sultanate of Oman connecting individuals, enterprises and government across the country through a state-of-the-art network... Omantel is listed on the Muscat Stock Market and trades under the name OTL.OM. For more information, please visit our website www.omantel.om, meet us in one of our shops or call 1234.
Today.. Omantel announces winders of Business Excellence SME Awards 2014
Omantel will organize a celebration today (Monday) to mark winners of Omantel Business Excellence SME Awards. The celebration will be held under the auspice of Sultan bin Salem al Habsi, Secretary General of the Supreme Council for Planning in the presence of a large number of officials, CEOs and entrepreneurs.
Omantel has earlier announced last October the registration for the third version of Omantel Business Excellence SME Awards .Applicants compete at the six main categories of the award namely, Best Performing Company - Small Enterprise, Best Performing Company - Medium Enterprise, Best New Entrant, Turnaround Success Story of the Year, Community Contribution and Best Business Idea for the year which has been introduced for the first time this year. The award comes in line with Omantel's efforts to support SME sector and recognise the successful entrepreneurs.
Commenting on the ceremony, Shaikha Hamid al Aufi, Manager Marketing Communications at Omantel Business Unit said ' Omantel is committed to supporting the growth of SMEs by all means to ensure their viability and competitiveness in the marketplace. The turnout for this version of edition of Omantel Business Excellence SME Awards has been great by the SMEs operating in different sectors in the various governorates"
"All applications were assessed by independent assessors that include Ernst & Young and a number of SME experts. The winner of each category award has been selected according to very clear and transparent criteria", she added.
Omantel Business is the dedicated Unit providing advanced tailored solutions to the meet the needs of corporate and government customers. Our solutions include a full suite of telecom and hosting services. The solutions leverage a state of the art networks and systems. The MPLS service is the first service to receive an ISO certification. We serve our individual customers through a team of specialized Account Managers. For more information please visit www.omantel.om, send an email to email@example.com or call 24242888.
Omantel Services Fully RestoredOmantel1
Talal Al Mamari: Our Efforts were Focused on Restoring our Services As Early As Possible
Omantel network was impacted by a technical fault on a network element sending conflicting data at mid-day Monday 17th November 2014. This has resulted in a total interruption of mobile services and partial interruption of fixed and internet services.
Omantel confirmed that all services were restored on the same day as relentless efforts had been made by the Company’s teams to ensure rapid recovery. This first of its kind technical fault, affected majority of the Company’s services in the Sultanate.
Commenting on this incident, Talal Said Al Mamari Chief Executive Officer of Omantel said “Our network experienced on Monday an exceptional technical fault that impacted our mobile, fixed and internet services. An immediate diagnosis was carried out by the Network Operations Center and Emergency Team to resolve the fault and we were successfully able to fully restore our services on the same day without the need to rely on other networks or so called “national roaming”.
“Now that our services are fully restored, our efforts are focused on investigating the real cause of this incident to enable us avoid similar incidents in the future” Al Mamari added.
“Such faults are experienced by different operators across the world. However, the challenge was that it occurred in one of the network elements that was sending conflicting data in huge volumes and the real reason was not identifiable. To ensure fast restoration of services, a decision was taken to isolate this element from the network as a quick remedy” Omantel CEO furthered.
Commenting on the time taken to restore the services, Omantel CEO said that the restoration protocols required gradual isolation of a number of network elements by following preventive measures and technical requirements to ensure that no further complexities occur until the affected network element was identified.
“We would like to express our sincere apologies for the inconvenience caused by this incident appreciating their patience and understanding. We want to assure our commitment to provide quality telecom services throughout the Sultanate”.
Omantel Net Profit Grows by 7% to R.O 96 Million and Revenue grows to R.O 357.6 Million
November 2014: Oman Telecommunications Company S.A.O.G (Omantel. MSM: OTEL) Board of Directors approved today (Wednesday) the Company’s financial results for the period ended 30th Sep 2014, that witnessed an increase in net profit by 7%. The company’s revenue has recorded a growth of 1.7% and reached R.O 357.6 million as of 30th Sep 2014 compared to R.O 351.5 of the corresponding period of 2013, while the net profit has increased to R.O 95.9 million compared to R.O 89.6 million in 2013.
Group Revenue as of September 2014 is RO 357.6 million, an increase of 1.7% compared to RO 351.5 million for the corresponding period of year 2013.
Domestic Retail Revenues has recorded a growth of 3.3% and now reached RO 291 million compared to RO 281.8 million for the corresponding period of 2013 mainly contributed by broadband and corporate data services. Fixed Line and Mobile Business retail revenues recorded a growth of 9.9% and 1% respectively. Revenues from national, international calls and SMS have continued its declining trend due to Over The Top (OTT) services.
Group Operating expenses marginally increased by 0.2% to RO 257.6 million compared to RO 257.1 million for the corresponding period of year 2013. The major reasons for increase in operating expenses are attributed to increase in employee costs, operating & maintenance and depreciation expenses.
EBITDA & Net Profit:
EBITDA and Net Profit after tax both have recorded an impressive growth of 4.4% and 7% respectively. Domestic Net Profit after tax has recorded an increase of 9.4% to reach RO 101.8 million compared to RO 93 million of the corresponding period of year 2013. Group profit has been impacted by the loss of WTL.
Broadband segment both Mobile and Fixed Broadband services have been the key driver for the growth. Mobile and Fixed Broadband subscribers grew by 19% and 33%, while revenue also recorded a growth of 31% and 33% respectively.
Omantel domestic subscriber base witnessed a remarkable growth of 6% as of 30th Sep 2014 reaching 3.260 million (excluding mobile resellers). Including Worldcall, total subscribers base has reached 4.204 million as of 30th Sep 2014 compared to 4 million of the corresponding period of the previous year, a growth of 5%.
Commenting on the results, Omantel Chief Executive Officer, Talal bin Said Al Mamari said: “We are pleased with the steady growth that Omantel made in the first nine months of this year despite the increased market challenges and intensified competition”.
“Our domestic operations particularly fixed and mobile broadband services as well as corporate data services recorded a remarkable growth and has been the key driver behind these results”.
“I would like to thank our loyal customers, visionary Board, committed employees and supportive shareholders who have always been part and in support of Omantel’s journey to excellence” Talal Al Mamari concluded.
Omantel to launch iPhone 6 soon
Omantel today announced it will offer iPhone 6 & iPhone 6 Plus, the biggest advancements in iPhone history, beginning on 13th November 2014.
Customers may get more information at www.omantel.om . For more information on iPhone, please visit: www.apple.com/iphone.
Omantel appoints Sale International as its sole distributor for its products
Omantel products will be availed through 550 SMEs
Omantel the leading telecommunication provider in the Sultanate of Oman, has signed an exclusive agreement with Sale International LLC to act as its sole agent for the distribution of Omantel products which include Hayyak starter kits and top-up card. The sole agent will avail these products to the sub-distributor at the various governorates.
The award of the contract comes after the public tendering process by Omantel for appointing a sole agent for Omantel products to ensure availability and easy access by all customers to the company products throughout the Sultanate. The sole agent will rely on a number of SMEs that will deliver and avail these products at the different outlets in the Sultanate that will make them available for the end-users.
Commenting on the agreement, Waleed Mohammed al Rahbi, Indirect Sales Senior Manager at Omantel Consumer Unit said “the indirect sales play an important role in ensuring availability of all our products to all customers throughout the Sultanate. The agreement will enable us to develop and streamline the distribution process thus ensuring the availability of our products to all our customers across the country”.
'Moreover, the appointment of a sole distribution agent for Omantel products will on the other hand foster the growth of SMEs and limit the irregular sales by street vendors, mostly expatriates. As per this agreement, the company will ensure regular delivery of products to the outlets at the different governorates.
Sales International has already signed contracts with sub distributers at the various sales points, more than 550 that will avail Hayyak starter kits and top-up cards. The products will be also availed through Omantel outlets and customer service points.
'The partnership with Sale International will create a wide network of sales points through which customers can purchase the prepaid cards or top up cards which in turn will make Omantel products available anywhere in the Sultanate, he concluded.
On the other hand Mohammed AbdulRahman Al Ansari, CEO of Sale International said ' we are pleased with the trust that Omantel placed in us and being appointed as the sole distributor for Omantel starter kits and top-up cards. We will do our best based on our experience to ensure that Omantel are available to all customers at all times throughout the Sultanate.
'As a sole distributor, we will rely on a number of SMEs to help nourishing these enterprises. We are also proud of the fact that 70% of our manpower are Omanis, he added. It is worth to mention that Omantel owns 3000 electronic vouchers device (EVD) in different regions which comes inline with Omantel efforts to streamline the distribution process and ensure the convenience of its customers. Omantel is the pioneer provider of leading edge telecommunications services in the Sultanate of Oman connecting individuals, enterprises and government across the country through a state-of-the-art network... Omantel is listed on the Muscat Stock Market and trades under the name OTL.OM. For more information, please visit our website www.omantel.om, meet us in one of our shops or call 1234.
Omantel unveils the name of Ozone winner Free trip to watch El Clasico Real Madrid Vs Barcelona match
Omantel, the leading provider of integrated telecommunication service in the Sultanate, announced that Ahmed bin Abdullah Al Saqqaf, Ozone customer, was the lucky winner of the paid trip for two to attend El Clasico match between Real Madrid and Barcelona, scheduled to take place 25th October in Madrid, Spain Omantel has recently launched during Salalah Festival a virtual football fans competition “Ozone Football Challenge (OFC)” especially for Ozone customers where around 250 customers joined the competition. The competition allowed 250 Ozone customers the opportunity to showcase their competitive skills through the electronic virtual football game. Then the top 32 players competed for the grand prize trip to attend the match between Real Madrid and Barcelona in Spain.
Al Saqqaf participated at Omantel promotional campaign and got qualified to the finals of Ozone Football Challenge – one of the biggest virtual sports events in the sultanate. At the same competition, Ammar al Rawas came second and got a PlayStation 4; Ahmed al Mosalami came third and won Mini iPad. A number of other awards were distributed onto those who attended the challenge.
Shadli Thabt Al AbdulSalam, Senior Manager, Product Development at Omantel Consumer Unit said ' We always seek to provide our customers with added value services that make their experience with us rewarding.. Ozone football challenge has been the biggest of its kind virtual event in the Sultanate especially among those who like PlayStation 4. ' The turnout for the challenge by Ozone subscribers has been very great which helped in creating an ideal platform for exchanging views about the service and more understanding of the needs of youth .”
With a heart filled of joy, al Saqqaf said ' I would like to thank Omantel for the opportunity provided to me to attend El Clasico in Madrid. Finally, the long dream has become true through Omantel. I am proud of being one of Omantel Ozone customers.
All youth aged 18 to 25 can join Omantel's Ozone which is designed for youth by subscribing to the service with monthly subscription of RO1 offering its customers 25 baises per minute to any Ozone customer, free 100MB mobile broadband, along with a free Sama'ni ring back tone. On top of these unique rates, Omantel extended the package to offer even more value for the youth. They can enjoy a variety of other great offers from service partners such as Gloria Jeans, RevGX Oman Bowling Center and others.
For more information, you may call 1234 or visit www.omantel.om
Omantel launches Mobile Academy service
Omantel the leading telecommunication services provider in the Sultanate has introduced “Mobile Academy” service, a mobile learning portal that consists of mobile courses, ranging from learning languages, mobile photography, body language, negotiation tactics, essential nutrition and much more.
“Part of Omantel’s efforts to offer innovative value-added services that meet the needs and requirements of our customers. Mobile Academy is an educational service which provides knowledge in different fields” said Sahar Al Asmi Manager Applications and Data services at Omantel Consumer Unit.
“Through this service we seek to offer our valuable customers courses that offers a variety of educational information such as learning Arabic, English, French, and other languages as well as Photography, Nutrition programs and much more.” Al Asmi added.
Al Asmi has pointed out that the subscription can be done by sending the word (learn) to 91197 and customers shall receive the portal link which will allow them to enjoy and benefit from all the available courses.
Moreover, our customers can register online by visiting the link http://welcome.mobileacademy.com and following the registration procedure. Once the customer’s registers, they will receive 3 messages per week for only 400 baisa each.
Omantel is the pioneer provider of leading edge telecommunications services in the Sultanate of Oman connecting individuals, enterprises and government across the country through a state-of-the-art network. By offering an unmatched range of innovative products and after-sales service, Omantel is the market leader. We serve our customers nationwide through online channels, shops and distributors. Omantel is listed on the Muscat Stock Market and trades under the name OTL.OM. For more information, please visit our website www.omantel.om, meet us in one of our shops or call 1234.
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