Saudi Arabia's regulator reveals MVNO details
CITC sets May 4 deadline for applications for MVNO licences
Saudi Arabia's telecoms regulator, the CITC, has set a fee of SR5m ($1.33m) for each of the three MVNO licences due to be awarded later this year.
The MVNOs will also pay 15% of their annual revenue to the regulator, according to a report from Reuters. There will be a further annual licence fee of 1% of revenue, plus other miscellaneous charges.
The regulator set a deadline of May 4 for companies to submit applications for the three MVNO licences. The winners of the licences will be announced 12 weeks after the bid deadline, the report added.
Saudi Arabia's ministry of telecommunications originally announced plans to award three MVNO licences back in November 2011.
Saudi Arabia will become the third country in the Middle East to have MVNOs after Oman and Jordan. Oman's MVNO landscape is dominated by Friendi Mobile and Renna Mobile. Friendi Mobile is also the sole MVNO in Jordan.