Integrated Telecommunications Oman acquires 100 per cent share of Renna Mobile

Integrated Telecommunications Oman (TeO) has acquired Majan Telecommunications (Renna Mobile), the country’s first Mobile Virtual Network Operator (MVNO), in a move that will spectacularly transform the telecom scenario in the Sultanate.

TeO is Oman’s first private Class 1 international gateway operator and offers mobile and fixed services under the operating brand Telecom Oman (TeO).

It now broadens its base with Renna’s data and voice services thus lifting its brand to a new high.

Khalid Zaman, Board Director, Integrated Telecommunications Oman SAOC, said: “We are really excited about acquiring Renna Mobile, the fastest growing telecom player in the country. While we have a strong international wholesale customer base, this big step opens up the opportunity to serve more than 500,000 active Renna subscribers in the Sultanate. We look forward to opening up employment opportunities for Omanis and contributing to the national growth. Renna Mobile has been a credible company with a strong brand image and healthy customer base and by acquiring them, we are in a better position to fulfil our goals to provide affordable, high-quality and integrated telecommunications services. TeO intends to capitalise on Renna’s strengths and aspires to bid for the 3rd MNO spectrum license and become a full service telecommunication service provider in the Sultanate”.

Qais Al Kharusi, CEO of Oman Brunei Investment SAOC – the former majority shareholders of Renna said: “We were able to transform Renna from a 30,000 subscriber base to over 500,000 plus from 2012 till date; all credit goes to the professional management. We wish TeO all the best in adding to the positive growth of Renna under their umbrella”.

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