DUBAI Oct 3 Saudi Arabia's Etihad Etisalat
(Mobily), an affiliate of United Arab Emirates-based
Etisalat, said on Monday that a unified
telecommmunication services licence would improve its
positioning in the kingdom.
It added that it was difficult to determine the monetary
impact of the universal licence on its business, as the details
had not been communicated to it yet.
On Sunday, the Capital Market Authority said the government
had decided to provide operators with "unified licences"
allowing them to offer a full range of telecommunications
services. It also said the government would extend the
operators' licensing periods by 15 years.
Mobily estimated a 15-year extension of its licensing period
would boost its balance sheet by up to 260 million riyals ($69.3
(Reporting by Tom Arnold; Editing by Andrew Torchia)