Renowned infrastructure fund manager DIF Capital Partners has acquired a majority stake in metrofibre. The investment of the renowned financial investor in the fibre optic project developer metrofibre is a clear commitment and the starting signal for the roll-out of the successful ruhrfibre model to other cities. Intensive talks with other cities are already underway.
Omantel Group, a major telecommunications player, reported a substantial 28.7% surge in net profit, reaching RO251mn for the first nine months of 2023. This robust financial performance highlights Omantel’s resilience and strategic financial management in a competitive market. The group’s overall revenue also witnessed a commendable 10.6% growth, reaching RO2.192bn by September 2023. Amidst aggressive competition, Omantel’s ability to maintain a steady net profit from domestic operations underscores its financial stability and adaptability in the evolving telecom landscape. The stellar performance of its subsidiary, Zain Group, further solidifies Omantel’s position as a dominant force in the industry.