Infrastructure investment remains a core priority for Omantel, with total CAPEX for 2024 amounting to OMR 96.9 Bn., primarily allocated to 5G expansion, cloud infrastructure, and submarine cable development.

The Company continues to balance high infrastructure spending with long-term return expectations, ensuring that major CAPEX projects generate sustainable revenue. Omantel’s 5G investments are already yielding enterprise adoption gains, particularly in private 5G networks for industrial automation and IoT applications, contributing to growing revenues, with Oman positioned as a key interconnection hub for global telecom operators.

Despite its continued infrastructure investments, Omantel ensures financial sustainability through:

• Diversified revenue streams across consumer, enterprise, and wholesale segments.
• Leveraging strategic partnerships with hyperscalers and enterprise customers.
• Expanding data monetisation opportunities, including network slicing and AI-driven services.

Positioning for Sustainable Growth

As Omantel moves into its next strategic phase, the Company’s revenue model is shifting toward high-growth digital services, enterprise ICT solutions, and wholesale international expansion. By maintaining disciplined financial management while capitalising on its infrastructure investments, Omantel is well-positioned for sustainable revenue growth and profitability improvements in the years ahead.

Internal Control Systems:

Omantel maintains effective internal control systems and processes that provide reasonable assurance of efficient operations, internal financial control and compliance with laws and regulations. Internal controls comprise of operational procedures, segregation of duties, periodic reconciliations and formal policies and procedures that facilitate complete, accurate and timely processing and recording of transactions and safeguarding of assets.

The Management receives independent feedback from the reports issued by Internal Audit of the Group, Statutory Auditors and the State Audit Institution on the adequacy of the internal controls and continues to strengthen the internal control. Also, as part of the internal control, the company has a defined authority manual and processes, which are followed across the organization. Internal controls are generally adequate for established activities and services. Internal controls are periodically tested, reviewed and enhanced.