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FINANCIAL NEWS
Oman’s Nawras to upgrade network via USD350m investment
24 Mar 2013
(MENAFN) Nawras CEO, Ross Cormack, stated that during the coming 3 years, the second-biggest telecom firm in Oman would upgrade its network infrastructure with a USD350 million investment, reported Gulf News.
Cormack said that in the last 5 months, Nawras has spent USD130 million to develop its network.
He added that three weeks ago, the telecom service provider has taken all the base stations from Al Bustan to beyond Al Musannah and replaced them with the latest base stations to provide super-fast broadband service [4G LTE].
He added that the company, which serves over 2 million clients, has a market share of nearly 42 percent in the mobile phone space.
It is worth noting that in 2012, Nawras lost USD38.06 million from its budgeted SMS revenue as a result of strong use of WhatsApp by Omanis.
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BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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