Etisalat Group bids for Oman telecom licence

Zain Group and STC have already placed applications for the licence

Tags: Etisalat International - UAEEtisalat Services
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Etisalat Group bids for Oman telecom licence The bid is in line with Etisalat Group's expansion strategy
By  Aasha Bodhani Published  May 3, 2017

Etisalat Group has announced it has submitted a bid for the mobile licence in the Sultanate of Oman.

The bid is in line with Etisalat Group's expansion strategy considering the market potential and similarities, footprint proximity to its core market, and likely synergies.

Other bidders include Zain Group and STC, who have applied to become Oman's third mobile operator.

Bader Al Kharafi, Zain vice-chairman and group CEO said: "The bid included a comprehensive business, financial and technical plan as well as a commercial proposal for the third licence. Zain considers the Omani telecom market a promising growth opportunity complementing our regional footprint. Should we be successful, I'm confident the Omani community would warmly welcome the Zain brand and the new mobile operation would be value accretive to Zain's shareholders."

The qualified bidders will be announced on 14 August, 2017 by Omani's Telecommunications Regulatory Authority.

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