Plans to sell a 25% stake in Omani incumbent Omantel remain “on hold”, according to a Gulf News report citing local economy minister Ahmad Bin Abdul Nabi Macki.
The government, which owns a 70% stake in the telco, had been planning to divest a 25% chunk….
Plans to sell a 25% stake in Omani incumbent Omantel remain “on hold”, according to a Gulf News report citing local economy minister Ahmad Bin Abdul Nabi Macki.
The government, which owns a 70% stake in the telco, had been planning to divest a 25% chunk. Private investors reportedly own a further 30%.
The Omanis had announced plans to sell the stake in the summer of 2008, stating later that year that eight suitors had come forward, before blaming a cancellation of the deal on market and economic uncertainty at year-end.
A year ago, the government said a renewed sale effort was possible, pending a global recovery.
