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Just In: Dunya Group acquires 70% shares of WorldCall
Nayab KhanLast Updated: Feb 18, 2021
Dunya Group has bought 70% shares in WorldCall from Omantel for an undisclosed amount, we have checked with sources who were part of the deal.
Early reports suggest that deal between Dunya Media Group and Omantel that had 70% shares in WorldCall was signed yesterday and details are likely to be made public during next few days.
It merits mentioning here that 12% shares in WorldCall reside with Salman Taseer (late) while another 18% shares are floated publicly in Pakistan Stock Exchange.
Omantel had bought 65% controlling stakes in WorldCall in 2008 for $193 million. It later bought preferred shares of the company as well.