Tuesday, 8 July 2008

Oman Telecommunications

The sale of 25 percent in Oman Telecommunications Co. began yesterday. Governments across the oil producing frontier markets are opening up their telecom sectors to competition as their economies grow on the back of a seven-fold rise in oil prices since 2002.

Oman will only accept investments from telecom firms that operate in multiple countries, have at least five million subscribers and agree to hold the Omantel stake for at least five years.

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