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DUBAI, May 27 Reuters - Etisalat expects to conclude a long-delayed deal to allow competition in UAE fixed-line telecommunications services by the end of , a company document states, which could threaten its dominant position in the lucrative sector. Etisalat and rival du have been unable to reach an agreement over so-called bitstream access, or network-sharing, in the United Arab Emirates, despite beginning talks in and the government being the largest shareholder in both companies. These generated 8.
Analysts say a desire to protect shareholder value has led to little real competition in UAE telecoms, with the federal-run Emirates Investment Authority owning The government nets dividends from the two operators and also levies heavy taxes on the sector.
The Etisalat prospectus offers details that the company does not usually include in its earnings statements. Fixed line average revenue per user ARPU , a key industry benchmark, was dirhams in , the same as a year earlier, but down from dirhams in The threat from du would therefore increase once Etisalat agrees a network sharing deal with its rival.
This was the smallest quarterly increase since it broke even in , excluding exceptional quarters when changes to UAE tax rates affected results. Discover Thomson Reuters. Directory of sites. United States. Matt Smith.
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