Question: Draft a concluding remark along the bibliography based on 1 and 2. (200 - 300 words) 1) Oman Telecommunications Company (Omantel) is the first telecommunications
Draft a concluding remark along the bibliography based on 1 and 2. (200 - 300 words)
1) Oman Telecommunications Company (Omantel) is the first telecommunications company in Oman and is the primary provider of internet services in the country. Omantel ac. The government of Oman owns a 51% share in Omantel.
In the biggest transaction of its kind in Middle East & North African Region (MENA), Omantel acquired 12.1% of Zain Group stake worth of $2.19 billion in 2017, making it the second largest shareholder with 21.9% stake.
Omantel has established itself as a major international hub, with currently ten submarine cables landing in Oman, e.g. TWA, EIG, PLAG, Falcon, EPEG, SMW-3, Mena, POI, OMRAN, GBI and BBG.
In 2015 it announced a project that will implement FTTH technology in the country. The same year, it won an award for its human resources standard of quality.
Omantel is the first telecommunication operator in Oman to launch a 5G network.
Oman Telecommunications Co (Omantel) is an Oman-based company focusing on operating, maintaining fixed and mobile telecommunication services. Its services target three consumer groups: residential, corporate and government.
Residential services include international and national calls and prepaid cards, while its internet services include internet log and surf and Ibhar, its broadband wireless service.
The company has a monopoly in both landline and internet markets. The Omani government owns 70 percent of Omantel after 30 percent was listed for the public in 2005. In 2005, Qatar Telecommunication Company (Qtel) and partners were awarded the second licence to offer mobile services in the country under the brand of Nawras.
Last month Omantels CEO Mohammed Al Wohaibi resigned for personal reasons. The resignation came after the government delayed plans to sell part of its controlling stake in the company in December and as Omantel faces increasing challenges over its investments in Pakistan.
Omantel is the leading and main provider of integrated telecommunication solutions in Oman. Omantel seek to empower individuals, and businesses of all sizes, by connecting them to each other and to the rest of the world. Omantel work with public authorities, MNCs, SMEs, and individuals by capitalizing on ultra-low latency networking used to enable innovation and digital transformation globally. Utilizing Omans geographic advantage at the absolute nexus of the east, west, north, and south enables our customers and partners to deliver their services with the best possible end-user experience. This is done by providing services on the lines of ICT, IoT, Cloud, holistic solutions. While also planning the expenditure, acquiring, and managing the software and hardware best suited for your needs. Omantel manage your software to enable you to focus on the growth and success of your business. In-line with our strategy to ensure customer satisfaction and provide enhanced customer experience, they offer the broadest choice, widest coverage and, state-of-the-art mobile and fixed broadband services. Omantel are also investing heavily in expanding our network to meet the needs of our customers and ensure that they are providing them with optimum customer experience. Omantel has a very strong brand presence in Oman and they have been voted the Most Valuable Brand in the Sultanate (Brand Finance, 2017). Omantel is also among the two largest listed companies in the Muscat Securities Market in terms of market value. Omantel continuously encourage the digital society to flourish, allowing new ways of doing business while delivering a world of information and entertainment right to our customers fingertips. Omantel Amazing Happens Together
2)
- Current ratio: It is the ration between the current asset and current liabilities.
- Formula: Current ratio = Current asset / Current liabilities
- Current ratio for 2020 = 1,598,172/ 1,972,03 = 0.81
- The currrent ratio is less than 1 which means that the current liabilities is more than the current assets which is not good for the company as the company will not be able to pay - off its current liabilities through its current assets.
- Debt to Equity ratio: The ratio indicates the financial leverage of a company with the mix of borrowed fund and owned fund in the company.
- Formula: Debt to equity ratio = Debt/ Equity
- Debt to equity ratio = 3,205,620/ 2,486,754 = 1.28
- The debt to equity ratio is 1.28 which is a satisfactory financial leverage as the debt component in the firm is more than the equity component and the firm is able to get tax exemptions by including more debt is the capital structure.
- Gross profit ratio: Gross profit ratio refers to the percentage of gross profit in the not sales of the company.
- Formula: Gross profit ratio = (Gross Profit / Net Sales) * 100
- Gross profit ratio = (94,599 / 1,38,858) * 100 = 68.13%
- The gross profit ratio indicates that the gross profit is 68% of the total revenue generated in the firm which means that the cost of sales is only 32% which is a good portion of gross profit in the company's operations.
- Net Profit ratio: Net Profit ratio refers to the portion of net profit in the total revenue of the firm.
- Formula: Netprofit ratio = (Net Profit / Net Sales) * 100
- Net profit is taken after adjesting the tax from the profits.
- Net profit ratio = (19,000 / 1,38,858) * 100 = 13.68%
- The net profit ratio indicates that the net profit is 13.68% of the total revenue generated in the firm which means that the direct and indirect expenses constitutes of 86% of the total revenue of the firm which is more than the average level and the operations needs to be monitored and controlled for better financial results.
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