Dubai’s Emirates Integrated Telecommunications Company, better known by its trade name du, today informed the Dubai Financial Market (DFM) that the royalty payable by the telco to the Federal government will be 15 per cent of its net profits and an additional 5 per cent of its yearly revenue.
Du, which launched operations in 2007, was exempted from paying federal government royalty for the first three years of its operations and paid 15 per cent of its profits as royalty for the first time in 2011 (for 2010).
Its rival Etisalat pays the government 50 per cent of its net profits in royalty.
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