Our recent financial performance, marked by an 11.4% revenue upsurge , is more than just a testament to our resilience. It reflects a paradigm shift, transcending our identity from a telecom operator to an comprehensive technology enabler. This evolution, rooted in digital readiness, talent nurturing, and optimized processes, speaks volumes of our adaptability in the face of commoditization and growing competition.
Telecommunications, once a vessel for basic connectivity, now stands at the heart of tech-enabled advancements. Innovations spanning Digitization, AI, and Blockchain are not only altering the telecom horizon but also paving new avenues.
This commitment to innovation has reshaped us, not just in title but in essence, from a traditional telecom operator to a dynamic technology provider. Central to this transformation is our strategic digital integration, empowering our services. Data-driven insights have not only enhanced our offerings but also reinforced our path to sustainable growth, marked by enhanced customer value and cost-effectiveness.
Our technological drive has spearheaded initiatives in Digital Services, AI, and Big Data Analytics amongst others. Our Innovation Labs, moreover, have emerged as catalysts for tech startups, amplifying our alignment with Oman Vision 2040. These endeavors, coupled with strategic investments in local tech firms like 'Future Cities SAOC', which is specialized in in IoT and data services that focus on select large industrial sectors, and 'Global Financial Technology LLC', which is specialized in providing fintech services through its wallet and payment gateway, underline our dedication to the converging telecom and tech sectors.
Yet, amid this transformation, our compass remains our unwavering commitment to our investors and stakeholders. Their loyalty, reaffirmed by our consistent excellence, bolsters our reputation as a telecom solutions trailblazer. Looking ahead, our investments are geared towards cutting-edge technologies such as cloud services, AI, and IoT, resonating with our ambition of aligning with Oman's vision as a holistic tech facilitator.
Over the past year, outstanding technical achievements have been realized in digital projects across sectors with 5G technology at the forefront. The launch of the 5G network in 2019, have contributed to enhancing various sectors, from logistics and energy to banking, due to high speed connectivity and network efficiency
To our investors, Omantel isn't just an investment—it’s a gateway to the digital future, a leading model for growth and potential. Our shareholder-centric approach, underpinned by a robust dividend policy and unwavering corporate governance, is a testament to our vision of mutual growth. With the telecom sector in Oman brimming with lucrative opportunities, our strategy, "Shift Gear to Achieve Sustainable Profitability Growth," stands poised to harness this potential, further complemented by our ICT solutions aligned with Oman's Vision 2040 and collaborations like the one with OMREN.
In Conclusion, the Omantel odyssey, defined by innovation, fiscal acumen, and client-centric approach, ensures a future of sustained growth. As we charter this competitive terrain, your unwavering support remains the foundation of our success. To our esteemed customers, shareholders and employees, our gratitude knows no bounds for your trust and unparalleled supportin the Omantel brand.
Yours sincerely,
Talal Al Mamari
CEO of Omantel
