The UAE-based operator Etisalat said in October that it would be interested in acquiring a strategic stake in the company (MEED 12:10:07).

Etisalat’s largest rivals, Saudi Telecom, Kuwait’s Zain and Qatar’s Qtel, have all made acquisitions in recent months and have said that they want to expand into more markets.

Omantel has already floated 30 per cent of its capital on the Muscat Securities Market.

The sale of the latest 25 per cent stake is due to be concluded later this year.