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Omantel EGM Approves Issuance of Sukuk
Distribution of 75% Cash Dividends
The Extraordinary Annual General Meeting of Oman Telecommunications Company (Omantel) held at Omantel headquarters yesterday (22nd March 2015) approved the amendment of the article No. 4 of the Company’s Article of Association by adding Import and export of devices and communications equipment as well as agencies and commercial representation. The Extra Ordinary General Meeting also approved the issuance of Sukuk.
The Extra Ordinary General Meeting was followed by Annual General Meeting which approved the distribution of cash dividends to shareholders amounting to 75% of the capital (equivalent of 75 baizas per share). As Omantel has already paid interim dividend of 40% of the nominal value on August 2014, the total dividend distribution for the financial year ended 31st December 2014 is 115%. Omantel AGM also authorized the Company’s Board of Directors to distribute interim dividends to maximum 55% from the paid up capital on August 2014.
Omantel AGM has also approved the report of the Board of Directors for the fiscal year ended on 31/12/2014, the company’s corporate governance report for the year ended on 31/12/2014 and the report of the independent auditors. It has also approved the profit and loss account and approved the balance sheet for the fiscal year ended on 31/12/2014. The Annual General Meeting furthermore approved the Board members remuneration, ratified the sitting fees for Board meetings and other committees paid to the members of the Board of Directors for the fiscal year that ended on 31/12/2014. It has also determined the sitting fees for the next fiscal year ending on 31/12/2015. The Assembly has taken note of the company’s transactions with related parties during the fiscal year ended on 31/12/2014 and the donations made for community service during 2014. The AGM also approved the proposed donations for community service amounting to RO 500,000 and approved the appointment of independent auditors for the next fiscal year ending on 31/12/2015 and determined their fees.
Commenting on the Company’s results, Saud bin Ahmed Al Nahari Vice Chairman of Omantel Board of Directors said “We are pleased with these 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..
The 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.
“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%”. H.E concluded.
Omantel FTTH available in Many Governorates
Al Ajmi : Our strategy aims at covering all the newly planned areas with FTTH
As part of its endeavors to provide the best and high quality telecommunication services, Omantel has announced earlier a project to introduce Fiber to the Home (FTTH) technology in Oman that will provide the fastest and most comprehensive range of internet applications.
The introduction of FTTH using the GPON technology is a remarkable leap in the application of modern communications technology that can provide a comprehensive variety of entertainment options for both the home and business users through a high speed connection network. The FTTH technology will also provide internet users with high speed internet services that will support services such as high definition video, video on demand, e-Education etc.
The project has been implemented in many phases starting with main cities in different governorate. FTTH has also been provided in areas located outside main cities. The company continues its endeavors to extend FTTH to the newly planned areas as alternative for the copper cables that were used in the past.
Commenting on the service, Eng. Said Abdullah al Ajmi, Vice President of Omantel Integrated Networks Unit said ' FTTH is a state of the art technology that provides high speed internet broadband with speeds more than 150 MB per second. We at Omantel very proud being the first telecommunication company to provide this service years ahead at different areas in Muscat.”
'There is a rapid growth in demand for home broadband and modern technologies which urged us to adopt a strategy to build new fibre optic outside plant networks in newly planned area.
The FTTH provides customers with unmatched benefits including high speed and reliability regardless of the distance between the customer and the central exchange. The FTTH, which is the new generation of broadband, will open new horizons for customers to use the internet especially for the applications that require high bandwidth and speeds such as e-education, e-examination, the 3D presentation, video conferences, remote security management and other broadband applications.
Omanel the only operator in the Sultanate launches the trial testing of Wifi Roaming
Omantel has successfully participated – as the first omani operator at the trial testing of WiFi next generation hotspot (NGH) and PasspointTM/ Hotspot 2.0 technology at the GSMA Mobile World Congress 2015 (MWC) in Barcelona, Spain from 2-5 March. The new technology will allow Omantel customers using IOS and selected Android devices to roam onto wifi networks using secure credentials and benefit from a secure wifi connection in the future.
Commenting on this participation, Mohammed Yahya al Salmi, Senior Manager Corporate Communications at Omantel said ' Omantel is keen on participating annually at MWC which focuses on IT&C issues especially it provides an ideal opportunity to meet with the major mobile operators and technology supplier to discuss with them the best and most advanced solutions that develop the experience of our customers.
He added: “Omantel joined hands with more than 30 International operators, the GSAM and the Wireless Broadband Alliance (WBA) to offer our customers a secure and safe roaming utilizing the next generation of WiFi with Passpoint TM/Hotspot 2.0 technology.”
'Omantel is the first operator in the Sultanate and one of few in the region to take part in this trial. This confirms Omatel’s commitment to lead innovatively lead, ensures our customer’s privacy while seamlessly keeping them connected on the run.” He added.
Omantel’s delegation is taking part at the MWC 2015 and accompanied by a media delegation that includes Abdullah al Bahrani and Dr. Ali al Shidhani, the founding partner for Oman Technical Voice Initiative. The team contributed to transmitting the launch of the new Galaxy S6 mobile device from Samsung and the HTC M9 mobile device.
Commenting on the visit, Abdullah al Bahrani said that the MWC in Barcelona is the biggest event in this field. Major IT&C player are always present in this gathering to display the latest developments they have. The Congress provides an ideal opportunity to meet with experts in IT&C field. Omantel's participation at this event provides us with the opportunity to be capitalized on the latest products and solutions. It helped us to transmit the event live from Barcelona and disseminate the latest in mobile technology to our customers thru social network.
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 firstname.lastname@example.org 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.
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