Qatar cuts Qtel's royalty fee to 12.5%

24 March 2010

Qatar Telecom said today its royalty fee payable to the government was cut to 12.5% from 25% effective Oct. 7, 2007. The reduction will boost Qtel's profit by about 554 million riyals ($152m), the company said in a statemement to the Abu Dhabi bourse.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.