Saudi telecom operators are agreed on annual royalty fees

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Saudi mobile operators revealed that they are agreed with the government on the annual royalty fees.

Saudi telecom operators Zain Saudi Arabia, Etihad Etisalat (Mobily) and Saudi Telecom Co (STC) are agreed with government. However, the agreement is about the changes in the calculation of the annual royalty fees.

The organizations additionally said they had achieved an arrangement with the administration to settle debated expenses to be paid for earlier years up to 2017. Consequently, the trio consented to put resources into redesigning their system framework throughout the following three years.

Saudi Arabia has define explicit objectives to support fast broadband web availability as a major aspect of its Vision 2030 arrangement to modernize the economy, including surpassing 90 percent of lodging inclusion in thickly populated urban areas and 66 percent in other urban regions.

The administrators said the understanding will include a yearly sovereignty of 10 percent of net income from broadcast communications administrations beginning from Jan. 1, 2018.

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