Saudi CITC plans to amend collection rates on telecoms

The Saudi Communications and Information Technology Commission (CITC), in cooperation with the ministries of communication and information technology (MCIT) and finance, is reviewing collection rates on proceeds of telecom operators, according to Abdulaziz Salem Al Ruwais, governor of the commission.

Speaking on the sidelines at a conference in Riyadh, the governor didn’t mention details in regards to the potential amendments or the expected collection rates. However, he said these rates will be amended in a way that would “boost” the investments of the industry infrastructure.

The Saudi CITC recorded SAR 3.1 billion revenue in 2016, of which SAR 2.15 billion represented service proceeds, data compiled by Argaam showed.