Oman’s “Zumurud” acquires MTN Communications in Yemen and turns it into...

Emerald company official announced Today, Sunday, the Omani Investment International that the company has adopted a new brand instead of the “MTN” (MTN) brand for the mobile phone in Yemen, after the Omani company acquired most of the shares of “MTN”.

The official added to Reuters that the new company name will be the Yemeni Omani United Telecommunications Company (YOU) starting from the end of February.

Read also: MTN Telecom Group Exiting Yemen

In addition, the Board of Directors approved the payment of two salaries to all company employees, including the daily wage and another salary at the end of February.

The Omani Emerald International Investment Company announced on November 22 that it had acquired 97.8% of the shares of MTN mobile phone in Yemen, days after the South African group announced its withdrawal.

The Ministry of Communications and Information Technology in the internationally recognized Yemeni government refused in late November to recognize the measures taken by “MTN” to end its services in the country and sell its shares to another telecom company.

These were the details of the news Oman’s “Zumurud” acquires MTN Communications in Yemen and turns it into... for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at saudi24news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

NEXT Al Mutlaq Group eyes further collaboration with TRSP

Author Information

I am Jeff King and I’m passionate about business and finance news with over 4 years in the industry starting as a writer working my way up into senior positions. I am the driving force behind Al-KhaleejToday.NET with a vision to broaden the company’s readership throughout 2016. I am an editor and reporter of “Financial” category. Address: 383 576 Gladwell Street Longview, TX 75604, USA Phone: (+1) 903-247-0907 Email: [email protected]