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Omantel $36m bonus
- Oman: Sunday, October 07 - 2007 at 14:00
The decision to reduce the amount of royalties that telco firms pay to Oman's government should earn the Oman Telecommunications Company (Omantel) an extra $36.4m in profit this year, reported Reuters. Nawras, the Qatar Telecom subsidiary which offers a mobile service in the sultanate, is set to accrue an additional $5.2m. Fixed line royalties have been cut from 10% to 7% and mobile royalties from 12% to 7%.
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Jonathan Sheikh-Miller, Deputy EditorSunday, October 07 - 2007 at 14:00 UAE local time (GMT+4)
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