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Saudi operators agree royalty fees

Saudi operators agree royalty fees

Operators in Saudi Arabia have agreed a change in the calculation of their annual royalty fees with the government, reports Reuters. The companies also said they had reached a deal with the government to settle disputed fees to be paid for previous years up to 2017. In return, the trio – Saudi Telecom, Etihad Etisalat and Zain – agreed to invest in upgrading their network infrastructure over the next 3 years. “The kingdom has set goals to boost high-speed broadband internet connectivity as part of its Vision 2030 plan to modernise the economy, including exceeding 90% of housing coverage in densely populated cities and 66% in other urban areas. The operators said the agreement will involve an annual royalty of 10% of net revenue from telecoms services starting from 1 January 2018.” Read more

  • Tuesday, 18 December 2018

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