"A consortium that includes Virgin Mobile Middle East & Africa (VMMEA) will list its shares on the Oman bourse within five years as a condition of winning a license to provide telecom services in the Gulf Arab state.
Connect Arabia International (CAI) was awarded a 15-year licence that will require the company to sell 40 percent of its shares through an initial public offering on Muscat’s bourse, the Telecommunications Regulatory Authority said in an email.
The license will cost 20,000 rials ($51,900), the regulator added."
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