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Eager to Acquire - 'Oman Telecom' plans to jump into Pakistan

May 25, 2007| (Middle East/Gulf Telecom Monitoring Desk)

Omantel has revealed it was considering buying a Pakistani telecom company to expand outside its home market, where it lost its mobile phone monopoly in 2005 and will lose a fixed-line monopoly this year.

Al-Wohaibi declined to name the Pakistani firm, but said the takeover would give Omantel access to Asia’s fourth most-populous country as competition grows at home. According to industry sources in Pakistan, Omantel was in talks with Worldcall, which runs long distance and international as well as wireless local loop (WLL) services in the country.

“Quite a few companies have spoken to Worldcall in recent months, but Omantel has probably been the most serious one,” says a market source.

Al-Wohaibi ruled out buying into Warid Telecom, Pakistan’s third-largest mobile phone operator, which industry sources said this month it was in talks with several foreign firms to sell a minority stake.

Keywords: Pakistan Telecommunication companies, Oman Telecom, Middle East Telecom, Gulf Telecom, Omantel, WLL, Warid Telecom