UAE telecoms operator Etisalat (ETEL.AD), whose rival saw its government royalty fees slashed dramatically this week, said equal fees would be positive for the sector.
Abu Dhabi-based Etisalat, the Gulf's largest telecoms firm by market value, pays 50 percent of its annual net profits to the federal government.
This week, rival operator du (DU.DU), which broke Etisalat's monopoly in 2007, announced that its royalty rate had been set at 15 percent. The news sent du shares soaring amid expectations for a doubling in 2010 profits as a result.
No comments:
Post a Comment