Nawras offers Samsung Galaxy Note with free data (Oman, South Korea)

On 01.27.12, In Mobile, By Editor

SamsungNawrasCommunications provider Nawras, has joined hands with Samsung Electronics Co. Ltd., to offer users the latest Samsung Galaxy Note. The deal priced at US$ 779 also includes 500MB of free mobile broadband internet data to be used over the first three months as well as a free Nawras Ajel postpaid SIM card.

The Samsung Galaxy Note, launched as a hybrid between the tablet computer and a mobile phone, features the world’s first and largest 5.3” HD Super AMOLED display. Further, an advanced pen-input technology, called the S Pen, combines with Galaxy Note’s full touch screen to introduce a unique customer experience.

The device features a 1.4GHz dual-core processor that ensures the performance of Galaxy Note is incredibly fast and it provides a smooth customer interface with seamless usability. Additionally, the Galaxy Note features an advanced 8MP rear camera with LED flash and 2MP front camera.

As per a company release, Nawras customers can continue to enjoy a value-packed, monthly mobile broadband plan with 500MB of data for US$ 8. Also, in the event that a consumer uses the included data before the end of the plan, an additional 150MB of data can be added to bridge the gap until the next plan starts, for US$ 2.5.

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Qtel reports record 2010 revenue of US$7.5 billion

On 03.02.11, In Mobile, By Editor

Qatar Telecom (Qtel) announced that 2010 full year Group revenue increased 13.1% to end 2010 at QAR27.2 billion (US$7.47 billion), as the Group’s consolidated customer base reached 74.1 million (FY 2009: 60.4 million).

Distributable earnings for 2010 including profits from the Nawras IPO taken directly to retained earnings increased by 21.3% to QAR3.4 billion (US$927.5 million). Earnings per Share (EPS) for 2010 grew 2.2% to QAR 19.69.

As part of the Group’s diversification strategy, Qtel has maintained solid operational and financial progress, successfully balancing the management of competitive pressure to maintain market share in mature markets with the ongoing development of operations in growth markets.

Key highlights of the year include the roll-out of Fibre-to-the-Home in Qatar, the successful implementation of a value-driven strategy by Indosat in Indonesia, strong revenue growth in Algeria leading to a first annual net profit for Nedjma, the successful defence of market leadership position in Tunisia, the launch of fixed line and home broadband services by Nawras in Oman and continued subscriber growth for Asiacell in Iraq.

The Group also successfully launched IPOs in Oman and Palestine, saw strong support for a 10-year Bond for Indosat and for the Qtel Group’s bond sale, which was more than ten times oversubscribed.

Qatar Telecom (Qtel) provides a full range of telecommunications services in Qatar and across its presence in 17 countries. Our vision is to be among the top 20 telecommunications companies in the world by 2020 through expansion in both the MENA region and South East Asia.

 

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Sama Telecom wins third Oman licence

On 03.01.11, In Mobile, By Editor

Sama Telecommunications (Samatel) has won Oman’s third telecom licence, according to a decree issued by Sultan Qaboos.

According to reports, the ‘Class 1′ licence enables the operator to set up and operate a system to provide general international telecommunication services for 15 years. The value or any other details of the concession have not been disclosed.

Samatel will join the Sultanate’s two existing operators, incumbent Oman Telecommunications (Omantel) and Nawras, the latter of which is controlled by Qatar’s Qtel. Samatel is said to have broken Omantel’s monopoly in the wireless market in 2004.

 

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Nawras announces final price for shares in IPO (Qatar)

On 10.29.10, In Mobile, By Editor

Qtel subsidiary Nawras has announced the final price for shares in its IPO, which was fully subscribed, will be 702 Omani baisas per share.

Nawras shares will begin trading at 700 baisas per share on the Muscat Securities Exchange on November 3 under the ticker ‘nwrs’.  This will value the company at an initial market capitalization of 456 million Omani rials.

Category I investors will receive 100% of the shares they applied for and Category II investors, 91.8%. Category I investors will receive a refund of 200 baisas for each share applied for, which will be payable, to their bank accounts commencing on October 31. Following the IPO, 40% of the shares will be in free float with Qtel retaining 55% of the company and 5% held by Omani pension funds.

According to Qtel, the IPO raised 182 million Omani rials for the selling shareholders making it, by value, the largest IPO in Oman since 2005 and the largest in the GCC since July 2009. All selling shareholders, with the exception of Nawras Development, retain a stake in Nawras, including TDC-Qtel MENA Investcom, which is controlled by Qtel and the pension funds of the Diwan of the Royal Court, the Ministry of Defence, the Royal Office, the Internal Security Service and the Sultan’s Special Force.

Qtel added, Nawras has delivered strong shareholder returns since launch and is now a full service telecommunications company following the successful launch of its fixed line business in mid-2010.

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Nawras Q3 net profit climbs 62%

On 10.21.10, In Mobile, By Editor

Oman’s second national telecoms operator, Omani-Qatari Telecommunications Company (Nawras), has reported net profit for the third quarter ended 30 September 2010 of US$32 million, an increase of 62.3% year-on-year.

As per reports, revenue for the three-month period totaled US$123.89 million, an increase of 13.3% compared to the previous year, while the company’s third-quarter EBITDA jumped almost 30% year-on-year to US$65.97 million.

According to Nawras, growth was driven by increasing subscriber numbers; the company’s mobile customer base increased 13% year-on-year to 2.01 million, while around 5,000 customers subscribed to Nawras’ fixed line services, which were launched in May and July 2010 for business and residential users, respectively.

The results comprise a non-recurring provision of US$4.67 million for one-off payments to staff related to the launch of fixed line services, as well as its initial public offering (IPO).

Nawras, which was founded in 2004 by a consortium comprising Qatar incumbent Qtel (which owns a 55% stake in the company), Danish counterpart TDC (15%) and a number of Omani investors (30%), is offering 260 million shares in Oman’s first IPO in two years. The firm plans to set the final share price on 31 October, with a listing expected to take place on 3 November.

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Nawras IPO now open for subscription

On 09.24.10, In Mobile, By Editor

Nawras, the Sultanate of Oman’s customer-friendly communications provider, has announced its initial public offering (IPO) is now open for subscription. The IPO of 40% of Nawras’ total share capital is open to Omani and non-Omani individuals and institutional investors and will close for subscription on 14 October 2010.

According to Ross Cormack, the Chief Executive Officer of Nawras, this is the moment when the customers and investors across the Sultanate and internationally will have the opportunity to share in the company’s future through participation in IPO. The company focuses on improving communication in Oman for the past five years has seen successful growth by offering fixed line and broadband services. Now is the right time for the company to welcome new investors to participate in this true Omani success story.

There are two categories of potential investors who can apply. Category one investors will initially subscribe at the top of the price range at 902 baisas for a 100 baisa share. Any refunds will depend on the final pricing and the final allocation of shares to investors. 70% of the offering is open to retail investors and 30% is open to category two or institutional investors who will participate in the book-building process. Category I investors can apply for a minimum of 500 shares in multiples of 100 up to a maximum of 500,000 shares and Category II investors can apply for a minimum of 500,100 shares up to a maximum of 26,037,700 shares, or 10% of the Offer.

According to Nawas the Offer will close on October 14, 2010. Thereafter, the final share price will be determined on the basis of the book-building process and is expected to be announced on October 24. All investors will be allotted shares at the final share price which may be lower than the subscription price for Category I investors. In the event of over-subscription, shares will be allocated on a proportional basis.

All investors will be allotted shares at the final share price which may be lower than the subscription price for category one investors. Nawras shares are expected to be listed on the Muscat Securities Market (MSM) on October 27.

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Qtel’s Nawras plans to raise $608Mn in IPO

On 09.08.10, In Mobile, By Editor

Oman’s Nawras, the second largest Mobile operator in Oman and a company controlled by Qatar Telecommunications has announced that it is planning to raise up to $608 million.

According to the company, Nawras has set a price range of 702 baisas to 902 baisas for a share and the book-building process for the sale will start on Sept. 15 for a period of one month. The sale will raise US$471 million to US$608million. Retail investors will initially subscribe at the higher end of the range. Any refunds will depend on the final pricing and allocation of shares to investors.

The IPO is the first in Oman this year and the seventh in Gulf Arab countries after six from Saudi Arabia, the biggest Arab economy. Final share price for the IPO will be determined on October 24 and the shares will be listed on the Muscat bourse on October 27. Morgan Stanley and BankMuscat are handling the bookrunning process. Nawras could become the fifth-largest listed company on the Muscat bourse when it starts trading on October 27, with a market capitalisation of up to OR586m.

According to Chief Executive Officer Ross Cormack, Nawras is in touch with 150 institutional investors across the Middle East and Europe. The Omani phone provider plans to sell 30% of the shares to institutional investors and the rest to retail investors.

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Oman’s Nawras plans $390m investment in fixed line

On 05.05.10, In Mobile, By Editor

www.WirelessFederation.com/news: Oman’s second national telecoms operator, Nawras has announced that the operator will be investing $390 million over the next two years in the expansion of fixed line services, which are slated for launch in the second half of 2010.

According to the CEO at Nawras, Ross Cormack, the funds will be ploughed into the deployment of the relevant infrastructure.

The company has also announced that it has embarked on a pre-registration campaign for its home broadband service based on WiMAX technology.

Nawras currently operates mobile phone and Internet services in the state but the government last year granted the company a fixed line licence.

The company which  has provided mobile services in the Sultanate since March 2005 is also constructing WiMAX base stations to take its high speed broadband service into homes and residences nationwide. The target of the company is to offer fixed broadband services to more than 54% of the population at launch and hopes to increase the figure to 81% by mid-2011.

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Injaz Telecom & Nawras seal MVNO deal

On 01.13.10, In Mobile, By Editor

www.WirelessFederation.com/news: With the goal to offer greater choice and freedom to the telecom needs of Omani people, an agreement has been signed between telecoms operator Nawras and privately-owned Omani company Injaz International Telecommunications to launch mobile services over the former’s wireless network in Oman.

The aim of Injaz Telecom is to provide innovative products and services to the Omani market by the support of its sister company Al Makhah which is the largest distribution channel of SIM cards in Oman.

Five five-year Class II licenses were awarded to Connect Arabia (bidding on behalf of FRiENDi Mobile), Injaz International, Kalam Telecommunications, Majan Telecom and Mazoon Mobile, in July 2008 by Telecommunications Regulatory Authority (TRA) with the stipulation they become MVNOs.

In October 2009, Nawras and Mazoon Mobile inked a deal to launch mobile services over its network.

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Smart Roamer service launched by Asiacell (Iraq)

On 09.13.09, In Mobile, By Editor

www.WirelessFederation.com/news:  Asiacell, an Iraqi mobile operator, launched its Smart Roamer Service. This offers all Asiacell subscribers roaming facilities with no additional registration procedures.

Subscribers would now benefit from discounted rates of local calls as well as call back to Iraq and to other countries within the Smart Roamer Zone. Also, the service offers a fixed rate for receiving calls and sending SMS within the Smart Roamer Zone. The Smart Roamer Service includes a number of selected operators within the Smart Roamer Zone, these include the likes of Etisalat in the United Arab Emirates, Orange in Jordan, Qtel in Qatar, Nawras in Oman, Wataniya in Kuwait and Turkcell in Turkey.

Asiacell, an Iraqi mobile operator, launched its Smart Roamer Service. This offers all Asiacell subscribers roaming facilities with no additional registration procedures.
Subscribers would now benefit from discounted rates of local calls as well as call back to Iraq and to other countries within the Smart Roamer Zone. Also, the service offers a fixed rate for receiving calls and sending SMS within the Smart Roamer Zone. The Smart Roamer Service includes a number of selected operators within the Smart Roamer Zone, these include the likes of Etisalat in the United Arab Emirates, Orange in Jordan, Qtel in Qatar, Nawras in Oman, Wataniya in Kuwait and Turkcell in Turkey.
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