Latest news with #OmanTelecommunicationsCompany
Observer
03-05-2025
- Business
- Observer
MoE embraces digital education
MUSCAT: The Ministry of Education seeks to upscale its educational systems and infrastructure in order to keep pace with the developments and enhance the quality of education. These efforts include developing Internet services, building electronic systems and applications, providing smart interactive services to users in the educational field, providing smart boards and launching several projects in the field of digital transformation. Since the future of education also depends on the ability of digital solutions to transform schools into innovation centres, the Sultanate of Oman has sought to accelerate the implementation of its national agenda for comprehensive development placing the education sector at the core of its comprehensive transformation. The Ministry of Education has awarded Oman Telecommunications Company (Omantel) a project to equip a number of public schools in the governorates with more than 1,730 interactive boards. Interactive whiteboards combine the functions of a digital whiteboard, a display and a remote collaboration platform, enabling teachers to deliver multiple lessons simultaneously whether in the classroom or remotely. This technology supports AI-powered handwriting recognition, access to cloud-based content, and multimedia integration, enhancing a more engaging, personalised, and comprehensive learning experience. Among these projects is expanding the digital infrastructure of schools by providing high-speed Internet access of up to 1 gigabit in over 900 schools across the country using fibre optic networks and fifth-generation 5G technology. This ensures reliable connectivity to support cloud learning, interactive platforms as well as seamless distance learning. Dr Faisal bin Ali al Busaidy, Director-General of Information Technology at the Ministry of Education, stated that the ministry is committed to implementing its plans related to digital transformation by developing the systems and infrastructure necessary to implement distance learning and e-learning in all schools in the governorates. He added that the partnership with Omantel represents the ministry's commitment to engage a number of institutions and companies in achieving its digital strategy. He added that the Ministry of Education and Omantel had previously forged a partnership regarding the provision of Google Education services during the Covid-19 pandemic in addition to numerous initiatives supporting the education sector. Eng Alaa Eldin Bait Fadhel, Chief Commercial Officer of Omantel, said: 'We believe that education is the foundation for comprehensive economic growth and sustainable social impact. Our collaboration with the Ministry of Education reflects our commitment to empowering talent, nurturing competencies and ensuring that every student has the tools they need to succeed. By implementing digital transformation projects, the Ministry of Education seeks to empower teachers and create a lasting impact by providing ongoing training and support. This enables teachers to integrate digital tools into their daily teaching process thus radically changing the way education is delivered. Smart classrooms promote digital inclusion, reduce reliance on traditional materials as well as expand access to education and build a knowledge-based society. — ONA
Zawya
11-03-2025
- Business
- Zawya
Oman: Omantel Group reports $794mln net profit, $7bln revenue for 2024
Muscat: Oman Telecommunications Company (Omantel) Group has reported significant growth in its financial results for the year 2024. The group's revenue (including Zain Group's operations) increased by 3%, from RO2.942bn at the end of 2023 to RO3.03bn in 2024. Although Omantel Group's net profit saw a slight decline of 2.8%, falling from RO315.5mn in 2023 to RO306.8mn in 2024, the net profit attributable to the shareholders of the company (excluding non-controlling interest) increased by 4.4%, rising to RO78.1mn in 2024 from RO74.8mn in 2023. On the domestic front, Omantel's revenues grew by 2.7%, reaching RO622.6mn, compared to RO606.5mn in the same period of 2023. This growth was driven by a 6% increase in mobile postpaid segment revenue and a 7% rise in fixed broadband revenues year-on-year. The net profit of Omantel's domestic operations for 2024 stood at RO69.4mn, compared to RO68.1mn in the previous period, marking a growth of 1.9%. This increase was primarily due to the positive impact of the settlement of a financial claim related to services provided by Omantel before 2020. Zain Group, Omantel's subsidiary, reported revenues of RO2.466bn for the year ended December 31, 2024, up from RO2.361bn in the corresponding period of the previous year, an increase of 4.47%. EBITDA stood at RO861.4mn, compared to RO871.2mn in the same period last year. Zain Group's net profit was RO313.9mn, down from RO359.7mn in the previous period. The Omantel Board of Directors has recommended to the company's Annual General Meeting, which will be held on March 27, 2025, the distribution of a cash dividend of 55bz per share for the year ended December 31, 2024 (subject to shareholder approval). Additionally, the board has proposed allocating RO750,000 for community service during 2025. © Apex Press and Publishing Provided by SyndiGate Media Inc. (
Muscat Daily
10-03-2025
- Business
- Muscat Daily
Omantel Group reports RO306.8mn net profit, RO3bn revenue for 2024
Muscat – Oman Telecommunications Company (Omantel) Group has reported significant growth in its financial results for the year 2024. The group's revenue (including Zain Group's operations) increased by 3%, from RO2.942bn at the end of 2023 to RO3.03bn in 2024. Although Omantel Group's net profit saw a slight decline of 2.8%, falling from RO315.5mn in 2023 to RO306.8mn in 2024, the net profit attributable to the shareholders of the company (excluding non-controlling interest) increased by 4.4%, rising to RO78.1mn in 2024 from RO74.8mn in 2023. On the domestic front, Omantel's revenues grew by 2.7%, reaching RO622.6mn, compared to RO606.5mn in the same period of 2023. This growth was driven by a 6% increase in mobile postpaid segment revenue and a 7% rise in fixed broadband revenues year-on-year. The net profit of Omantel's domestic operations for 2024 stood at RO69.4mn, compared to RO68.1mn in the previous period, marking a growth of 1.9%. This increase was primarily due to the positive impact of the settlement of a financial claim related to services provided by Omantel before 2020. Zain Group, Omantel's subsidiary, reported revenues of RO2.466bn for the year ended December 31, 2024, up from RO2.361bn in the corresponding period of the previous year, an increase of 4.47%. EBITDA stood at RO861.4mn, compared to RO871.2mn in the same period last year. Zain Group's net profit was RO313.9mn, down from RO359.7mn in the previous period. The Omantel Board of Directors has recommended to the company's Annual General Meeting, which will be held on March 27, 2025, the distribution of a cash dividend of 55bz per share for the year ended December 31, 2024 (subject to shareholder approval). Additionally, the board has proposed allocating RO750,000 for community service during 2025.
