Omantel has already paid an interim dividend of 40 per cent last August, taking the total dividend for 2013 to 115 per cent.
The Sultanate's biggest telecommunication firm's revenue has inched up by almost 1 per cent to
Omantel's revenues from domestic operations, excluding the Pakistani subsidiary, recorded a year-on-year growth of 4.4 per cent, driven by growth in all business streams, reaching
In spite of the decline in revenue from national calls and SMS, Omantel mobile business continued to record impressive growth driven by mobile prepaid and broadband services.
Fixed and wholesale businesses recorded a good growth during the year driven by fixed broadband, corporate data services, international calls and capacity sales revenues. Broadband segment — both mobile and fixed broadband services — has been a major driver for the growth. Mobile and fixed broadband subscribers grew by 48 per cent and 34 per cent, while revenue also recorded a growth of 53 per cent and 35 per cent, respectively.
Net profit from domestic operations recorded an increase of 3.7 per cent to reach
"We are pleased with the results Omantel has achieved during 2013 which reflects our commitment to shareholders to maintain a sustainable growth for the company. The year 2013 has been a challenging but yet another successful year that saw a good growth in revenue, net profit and customer-base," said Dr
"During the year, we have been able to expand our customer base, increase our revenues and grow the net profit despite challenging market conditions and the increasing fierce competition in the local market as well as from the global over the top players."
"We continued our investments in the network during 2013 to provide best-in-class customer experience and ensure that our customers always enjoy unmatched quality service. The new state-of-the-art 4G LTE network has been rolled out according to the plan. The number of 4G LTE base stations had reached more than 470 by end of
Despite these investments, Omantel was able to close the year with a slight increase in the expenses by 2.2 per cent."
"These results would have not been possible without the loyalty of our customers and the support from our shareholders, board and our employees," added
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