Omantel’s profit surges 30% in the first nine months of 2025, driven by growth in cloud hosting services and a rising subscriber base.
Oman Telecommunications Company (Omantel), the country’s largest telecoms operator, reported a 30% rise in net profit for the first nine months of 2025, supported by expanding cloud hosting revenues and a growing subscriber base.
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The company posted a net profit of OMR243.4 million ($630 million), according to a disclosure to the Muscat Stock Exchange on Thursday. Revenues rose 11% year-on-year to OMR2.5 billion during the period, reflecting increased demand for enterprise and data services.
Omantel, majority-owned by the Oman Investment Authority, continues to strengthen its position as the country’s primary internet and cloud services provider. Its offerings include fixed-line, mobile, internet, data centre, and software-as-a-service (SaaS) solutions.
The company’s key competitors in Oman include Awasr, Ooredoo, and Vodafone, all vying for market share in the fast-evolving telecoms and digital infrastructure space.
On Thursday, Omantel shares traded at OMR1.036 on the Muscat Stock Exchange. The telecom giant, which listed publicly in 2000, has seen its share price climb 11% year-to-date, reflecting investor confidence in its digital transformation strategy.
Why Omantel Matters to MENA Startups
Omantel’s profit growth underscores a broader regional shift toward cloud infrastructure adoption across the MENA telecommunications sector. As cloud hosting becomes central to enterprise operations, startups across the region stand to gain from reduced operational costs, faster scaling, and access to secure digital infrastructure — paving the way for innovation and growth in the digital economy.
