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Zain eyes Omantel stake with conditions

There were more rumblings on Tuesday that Zain is one of the eight short-listed operators eyeing a 25% stake in Omantel, although any offer it makes will be subject to certain conditions, according to local media.

"We will look into any opportunity but we must have supervision over the management and we only want to enter the part related to the mobile licence," said Ibrahim Adel, chief communications officer at Zain, in a report by the al-Rai newspaper via Arabian Business.

The Kuwaiti operator also said that it will rebrand Omantel to Zain if it buys the stake; however, a request for confirmation from the telco has yet to be returned.

Oman's ministry of finance last week announced that eight operators from Europe, Asia and the Middle East have been pre-qualified to bid for the 25% stake in Omantel.

Among them are Saudi Telecom, Etisalat and Qtel.

Of course, Total Telecom will keep you up to date with the latest developments.
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