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Oman's Telecoms Regulatory Authority (TRA) has announced the construction of over 200 new stations in different parts of the sultanate, Times of Oman has reported. The move is the result of an agreement reached with telecom operators Omantel and Nawras to build more new stations to cover 250 villages in the different governorates, the regulator said.

2012 rose 4.1% to OR116.2m, compared with OR111.6m in the previous year, Times of Oman has reported. The company's revenue grew by 1.4% to OR458.9m from OR452.6m during the period. Despite the challenging market conditions and decline in revenue from international calls and SMS, last year saw an increase in the number of total subscribers to 3.831 million, an increase of 8.5%, which includes subscribers of its subsidiary company Worldcall Telecoms Limited, Omantel.

These companies, in which Ooredoo already has a controlling interest, include brands such as Qtel in Qatar, Indosat in Indonesia, Wataniya in Kuwait, Nawras in Oman, Tunisiana in Tunisia, and Nedjma in Algeria.

Nawras, has signed two additional bilateral revolving credit facility agreements totalling OMR 20 million ($51.9m) with three-year tenure, for capital expenditure and working capital purposes

Nawras signed a financing agreement worth $182 million with a five-year tenure