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Thursday, November 20, 2008

Nawaras to set up a second fixed line in Oman

Omani telecommunications regulator has confirmed that mobile operator Nawras has won a licence to set up Oman's second fixed-line network. The Telecommunications Regulatory Authority (TRA) said the licence had been awarded to Nawras Consortium, which is 70 percent owned by Qatar Telecom (Qtel), on a condition that it will honour all the obligations specified in the information memorandum which comprises the tender terms and conditions relating to the bidding process.
The award ends the monopoly of Omantel as the Sultanate liberalises the sector as part of efforts to encourage foreign investment to counter falling oil production. Oman had shortlisted six bidders for the licence and an official had said the contry of about 2.7 million people was looking for a company that could invest at least USD 300 million in the first five years of the contract.
The Sultanate has a fixed-line penetration of just 10 percent. The extension of Nawras into fixed line and broadband services complements the Qtel Group's clearly-articulated strategy to grow its operations across dedicated business lines, as part of its objective to become one of the world's top 20 telecommunications companies by 2020.
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