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
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