Omantel receives a non-binding offer for WorldCall Telecom
Omantel [OTL.OM] has received a non-binding offer for its investment in WorldCall Telecom Ltd. (WTL) from Pakistan-based company, WorldCall Services Limited. The offer is yet to be assessed and further details will be released in due course, according to the disclosure. Omantel owns 56.8% of WTL’s shares. The company had received an offer from Allied Supplies and Services Ltd. (based in Pakistan) and Dunya Technologies Ltd. (based in UAE) last month but was not able to reach a deal. (Company disclosure) Omantel: OMR1.59 as of 6 Sept 2016, Rating: Neutral, FV: OMR1.68 per share, MCap: USD3,138mn, OTEL OM / OTL.OM
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