DUBAI: Oman Telecommunications Co (Omantel) said on Tuesday its board received a non-binding offer for its controlling stake in Pakistan’s WorldCall Telecom Ltd from an investor whose identity it didn’t disclose.
The non-binding offer is subject to due diligence study, the state-run company said in a stock exchange filing.
Omantel paid $193 million for a controlling stake in WorldCall in 2008. It currently owns 56.8 per cent of WorldCall, according to financial statements on WorldCall’s website.
Published in Dawn, June 29th, 2016
Dear visitor, the comments section is undergoing an overhaul and will return soon.