Saudi Telecom Company (The company) announces that the company submitted today (Monday) 5/8/1438 H corresponding to 1/5/2017 AD to Omani Telecommunications Regulatory Authority (TRA) the technical and the financial offer to bid for the third mobile license in Sultanate of Oman according to Information Memorandum (IM) published by the Omani's TRA. The bid includes a complete business plan, technical and financial plans along with a financial offer for the license. According to the (IM) the qualified bidders will be shortlisted and announced by 14/8/2017 and the ultimate license winner will be announced on 4/9/2017.
This participation in the bidding process is in line with STC's expansion strategy in the region in order to achieve the company's strategic and financial objectives. The Omani telecom market is considered to be a promising one with good growth potentials. The Company will subsequently announce any developments in this regard at the time.
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