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Royalty rates set for UAE telecoms operators
- United Arab Emirates: Tuesday, December 11 - 2012 at 04:51
The UAE finance ministry has set royalty rates on the Gulf state's two telecoms operators, which will raise the amount paid into federal coffers, Reuters has reported. The ministry said Etisalat will pay a royalty of 15% on its revenues and 35% on profits between 2012 and 2015. Meanwhile, the country's second operator, Du will be required to pay a 17.5% royalty on profits in 2012 and 5% on revenues, the ministry said. Du's profit royalty will incrementally rise to 30% by 2015 while the fee it pays to the government on its revenue will increase to 15% by 2016, it added.
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