Tuesday, 23 Jul 2019 | 20 Dhul Qidah 1440
Vodafone to be strategic partner in third mobile operator

Vodafone to be strategic partner in third mobile operator

The Telecommunications Regulatory Authority (TRA) on Friday confirmed that a memorandum of understanding (MoU) has been signed in between a business owned by neighborhood investment funds and Vodafone to total the procedures for acquiring the licence for Oman’s third mobile operator.

In a statement posted on its Twitter account, the TRA stated, “Regarding what has been circulating on some social media platforms on Vodafone being granted the licence to be the third mobile operator in the sultanate, the authority confirms that what has been reached is the signing of an MoU between the company owned by local investment funds and Vodafone as a strategic partner. The MoU has been signed to provide mobile telecommunications services in the sultanate in accordance with directives of the government in this regard.”

The TRA added that such an agreement confirms the truth that Oman is an appealing industry for international and neighborhood investors.

Oman in October 2017, had decided that the country’s third mobile operator must be a consortium comprising a neighborhood business owned by investment funds in partnership with a worldwide strategic partner that has the needed capabilities and competencies.

This selection was element of a program to strengthen the function of the investment funds and enabling them to contribute to the national economy.

In December, the TRA had announced that the licence for Oman’s third mobile communication operator is in final stage and the announcement in this regard will be produced in early 2019.

Information Source: Muscat Daily

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