Tuesday 21 February 2012

Telecoms royalty fees make investing tricky - The National

Telecoms operators pay royalties to the Government, with Etisalat paying half of net profit. But the annual charges vary for du, whose share was recently raised. Ben Flanagan reports.

The UAE telecommunications market is one of the richest in the world but is also one of uncertainty for investors.

Shareholders in the operator du were spooked this month by the decision by the federal Government to slap a 5 per cent tax on its revenues from last year.

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