February 21, 2017 / 6:14 AM / 8 months ago

UAE sets 2017-2021 royalty fees for telco Etisalat

DUBAI, Feb 21 (Reuters) - Abu Dhabi-listed Etisalat will pay the federal government a royalty fee of 30 percent on the company’s profit for 2017-2021, according to a bourse statement on Tuesday.

A royalty rate on Etisalat’s revenues of 15 percent will only be based on domestic products and services, while revenues from international operations will be exempted from royalty fees, the statement said.

Reporting by Hadeel Al Sayegh; Editing by Shri Navaratnam

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