The scheme is understood to be part of a plan to prepare Omantel, which is the sole telecoms operator in the sultanate, for privatisation. The government is planning to sell a 20 per cent stake in the operator through an initial public offering (IPO) and hand a further 10 per cent of the company to the state pension funds. Under its commitment to the World Trade Organisation, Oman is obliged to liberalise its telecoms sector by 2005 (MEED 11:4:03).
The government is also considering launching this year a second operating licence for GSM services in Oman. Omantel, which has the monopoly on mobile and fixed-line services, has about 320,000 customers from a total population of 2.5 million (MEED 8:5:03).
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