Omantel voted MSM’s best performing listed company


Omantel was named as the leading company in Oman for the seventh consecutive year in the annual OER Top Twenty Companies. Pic: Supplied

Muscat: Omantel, the pioneer integrated telecom services provider in Oman, has been recognised for its continued outstanding business performance and has been voted once again as the best performing listed company in the Muscat Securities Market (MSM) at a prestigious business debate organised by Oman Economic Review (OER Debate 2012 ).

Omantel was named as the leading company in Oman for the seventh consecutive year in the annual OER Top Twenty Companies demonstrating once again the vital role that the telecommunications giant plays in the Omani economy, its development and creating prosperity.

On receiving the award, Dr Al Rawas said: "We are proud to receive this award once again and for the seventh consecutive year. This recognition from the analysts and investors is the fruition of a clear vision, sound financial performance and our focus on providing an even enhanced customer experience year on year."

"This is yet another testimony from the business community and reflects the role played by the company in providing high quality and effective communication service that meet the needs of the sustainable development process witnessed by the Sultanate in all walks of life" Al Rawas further noted.

"Winning this award crowns the efforts made throughout the year to create a sustainable value for our shareholders and potential investors despite the challenges and the increasing competition in the local market. We are always in quest of innovative ways to improve the customer experience and we are glad to see our customer base growing especially at the mobile and fixed broadband sector which witnessed 67 per cent and 32 per cent growth respectively."

"Omantel Mobile also maintained its leadership position in mobile communication sector and once again become the fastest growing mobile operator in terms of network market share as well as revenue share" Omantel's CEO concluded. Sandeep Sehgal, Chief Executive, United Media Services says, "Omantel has succeeded in retaining its place as the No.1 company on the OER Top 20 ranking of the largest and best performing listed companies in Oman for year 2011."

"This reflects the strength of Omantel's vision and strategy. It also underlines the confidence that investors on the Muscat Securities Market have placed in the company and its performance. Winning OER's Top 20 award year-after-year shows Omantel's consistent ability to create shareholder value."

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.

Omantel serves its customers nationwide through online channels, shops and distributors. Omantel is listed on the Muscat Stock Market and trades under the name OTL.OM.

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