Omantel to acquire 40% stake in Renna Mobile from Integrated Telecommunications Oman for $13m.

Omantel to acquire 40% stake in Renna Mobile, the subsidiary of Integrated Telecommunications Oman, Oman’s first private Class I international gateway operator, a mobile virtual network operator and an over-the-top service provider, for $13m. "The transaction is underpinned by a vision of both the parties to chart a course of robust growth for both entities who have a long history of mutually beneficial growth and collaboration which has introduced innovative and appealing products and services to all segments of the Omani society," Omantel said in its market disclosure.