Omantel to reconsider certain terms in its sukuk issuance, provides BP Oman with telecom services
Omantel [OTL.OM] has just announced in a release to the MSM that the company is considering certain terms to its recently-announced OMR50 million sukuk issuance. The issuance is unsecured and denominated in both USD and OMR, maturing in 2021. In other news, Omantel has sealed an agreement with BP Oman to provide it with telecom services in one of the remote regions in Oman. Omantel will provide BP Oman with high-quality fixed and mobile voice services, in addition to ultra-high speed broadband on site. (Company disclosure, Zawya) Omantel: OMR1.42 as of 01 February 2016, Rating: Buy, FV: OMR1.87 per share, MCap: USD2,803 million, OTEL OM / OTL.OM
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