Oman Telecommunications Company (Omantel), the Sultanate's biggest telecommunications service provider, said its net profit for the first nine months of 2012 soared 9.2 per cent to RO90 million, mainly supported by a strong performance of the domestic operations.
The company's revenue moved up by 2.9 per cent to RO342.9 million from RO333.2 million for the corresponding period of 2011. The increase in Omantel revenue is mainly attributed to the impressive growth in mobile broadband subscribers by 67 per cent, which contributed to an increase in the domestic retail mobile revenue by 5.4 per cent year-on-year.
On a group level, both revenues streams, retail as well as wholesale, have recorded a growth of 1.7 per cent and 8.5 per cent, respectively. The increase in wholesale revenue is mainly contributed by increase in revenues from external administration and capacity sales. Omantel subscriber base witnessed a notable growth both in the domestic and group levels.
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