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Ahmed Abu Douma, chairman and CEO of Etihad Etisalat, said: "The main goal of the company is to reduce the level of its debt, indicating that the company has no problem with its debts and pays them before the due date.
"The company's strong cash position will translate into lower debt levels and the deployment of the fifth-generation technology network," he told CNBC Arabiya.
He added that the additional frequencies obtained recently will be added to the current Mobily network to take advantage of the fourth and fifth generations, which represents a good opportunity for the company to reduce the cost of the stations it will need in the fifth generation .
Acting on changes in the sector, he said that he was not expecting surprises or changes in the regulation of the sector during the next period in the Kingdom, pointing out the existence of a complete clarity of the mechanism for calculating government royalties.
Regarding the company's fourth quarter results, Abu Doma explained that the company's revenues were high, indicating that business sales contributed more to the company's revenues, especially in the general government sector, noting that government had completely transformed the kingdom. By providing various technical services.
According to data available on "Numbers"Mobily reported a profit of 80 million riyals in the fourth quarter of 2018, compared with a loss of 182 million riyals during the same period in 2017.
Net debt amounted to 11.3 billion riyals at the end of 2018, compared to 12.7 billion riyals at the end of 2017.
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