Auction of fourth mobile licence to take place in early 2012

Oman’s second national telecoms operator Nawras Telecom has announced it generated revenue of OMR146.1 million (USD378 million) in the nine months ended 30 September 2011, an increase of 5.1% over the same period of 2010, while third-quarter turnover rose 3.1% year-on-year to OMR49.2 million. In a statement to the Muscat Securities Market, the company said that 3Q 2011 earnings before interest, tax, depreciation and amortisation (EBITDA) grew 8.3% year-on-year to OMR27.5 million, but remained flat for the first nine months of the year at OMR76 million. Nawras said that EBITDA was favourably impacted by a reversal of provisions amounting to OMR1.16 million [More]

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