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.