Omantel Investor Conference focuses on creating shareholder value
Omantel recently hosted an investor conference with an objective to discuss company’s business prospects with investor communities. The Omantel Investor Conference, organised in cooperation with Gulf Baader Capital Markets (GBCM), was held at Kempinski Hotel Muscat at Al Mouj Muscat.
In his presentation to investors, Omantel’s CEO Talal al Mamari highlighted the company’s future strategy to create growth opportunities and deal with changing and challenging telecom environment. He also provided updates on the recent acquisition of a strategic stake in Zain Group and the underlying potential commercial and operational synergies opportunities between the two operators.
According to a press release, Omantel CEO updated the audience on the steps taken by the company to maintain its leadership and create long-term value for its shareholders.
Mamari said, “We were pleased to host this investor conference. The purpose of the meeting was to deliberate on the company’s business prospects with investor communities. The conference provided an effective engagement with the key stakeholders especially on the post-acquisition of Zain Group and how it is transforming Omantel from a single country incumbent, into a major MENA region operator.”
He added, “During the meet, we were able to outline the company’s various ongoing strategic and operational plans and recent Omantel initiatives to diversify its revenue such as Zain acquisition, establishment of a dedicated ICT unit to capitalise on the available business opportunities in addition to expansion of Omantel wholesale and international business. Omantel made investments in areas that have potential growth, where we have strategic advantages that will allow us to excel citing the example in the investments in submarine cable systems.”
The conference began with a presentation on Omantel’s growth through international mergers and acquisitions to safeguard and enhance long term shareholder value. The presentation highlighted Omantel’s recent acquisition of Zain shares, bringing control in Zain Group.
Elucidating how the Zain association is impacting overall business, the presentation illustrated how the transformational transaction propelled Omantel and Zain into a new era, bringing together a unique portfolio of leading telecom operations with balanced features between profitability and growth potential.
The second session of the conference included a presentation on sector challenges and opportunities. The session reiterated on the need for Omantel to boldly react to the market dynamics to safeguard its position and grab growing opportunities, encapsulated in Omantel Corporate Strategy 3.0.
The conference concluded by emphasising on the need for Omantel to diversify revenue streams through international investment and to implement the initiatives proposed by the management to create and sustain long-term shareholders value.