Omantel on Tuesday announced that it has acquired a 40% stake in Majan Telecommunication LLC (Renna Mobile), one of the first mobile virtual network operators (MVNO) in Oman. Omantel has signed a definitive share purchase agreement with Integrated Telecommunications Oman (TeO). Renna Mobile was established in 2007 and is considered one of the first mobile services resellers licensed in the sultanate and currently enjoys the highest market share among MVNOs. TeO had acquired 100 per cent shares of Renna Mobile in 2016. As per the TRA’s latest statistics, the total number of prepaid mobile subscribers in Oman stood at 5,864,742 as of April 2019, of which mobile resellers or MVNOs account for 745,439 subscribers.
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