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Omantel ends negotiations over selling stake in Worldcall Telecom

Omantel ends negotiations over selling stake in Worldcall Telecom
Omantel owns a stake of 57% in Worldcall Telecom (Photo credit: Company's website)
Omantel
OTEL
-1.28% 1.08 -0.01

Mubasher: Oman Telecommunication Company (Omantel) said Thursday that its board of directors decided to end negotiations with a Pakistani investor over selling its stake in Pakistan’s Worldcall Telecom Limited.

Omantel owns a stake of 57% in Worldcall Telecom, according to a bourse filing.

The stock rose in today’s trading by 0.30% to OMR 1.66.