Procedures finalised for renewal of Omantel license
Renewal fees of RO75mn to be paid in two equal portions in 2019 and 2020
TRA has finalised all the procedures relating to the renewal of the company’s first-class mobile telecom license
Omantel announced that the Telecommunications Regulatory Authority (TRA) has finalised all the procedures relating to the renewal of the company's firstclass mobile telecom license.
The renewal of Omantel's first-class mobile telecom license will be for a period of 15 years commencing on February 11, Omantel said in a disclosure submitted to the Muscat Securities Market on Sunday.
'A one-time license renewal fees of RO75mn will be levied by the TRA and be paid into two equal portions in 2019 and 2020,' Omantel said.
The license renewal includes the spectrum that are currently
allocated to Omantel under the existing first-class mobile telecom license and will not include 5G spectrum, the company said.
'We anticipate that the terms and conditions of the renewal will be substantially similar to the terms of the existing license and
will be published by the concerned government entities in the official gazette,' Omantel said in the disclosure.