Oman said to plan two phases in 19 percent Omantel selloff - Al Arabiya News:
"Oman will sell 19 percent of its former telecommunications monopoly Omantel in two phases, with the first reserved for wealthy local investors and due to finish in March and the second open to all Omanis, Omani media reported.
The government, which now owns 70 percent of Omantel, in September announced plans to reduce its holding to 51 percent through a public share sale, a month later appointing Bank Muscat as adviser.
Since then, there has been no further official announcement, but some Muscat newspapers this week quoted Saud bin Nasser al Shukaily, Secretary-General for Taxation at the Ministry of Finance, as saying a first phase of the sale would consist of a private placement for investors buying more than 2 million rials ($5.2 million) worth of shares."
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