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NBK Capital estimates Etisalat's royalty fee at 49% for 2012
- United Arab Emirates: Tuesday, January 08 - 2013 at 05:12
NBK Capital has estimated that Etisalat will pay an average effective tax rate of 51% on its profits for the next three years, after adjusting for the new UAE royalty rates for telecoms operators, Zawya Dow Jones has reported. Etisalat will pay 49% for 2012 and 46% in 2016, NBK Capital said. The company's revenues and ebitda growth is expected to reach an average annual rate of 3.2% and 1.9%, respectively, between 2012 and 2016, driven by its international operations, particularly in Africa, it said.
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