Paltel's licences to be extended for further 20 years

3 Jan 2017

Paltel is set to have both its fixed and mobile licences extended for a further 20 years at a cost of USD290 million, after reaching a deal with the Palestinian National Authority (PNA), Reuters reports. According to the PNA’s Minister of Finance Shukri Bishara, Paltel will pay half of the amount when the agreement is signed this week (4 January), with the remainder to be paid in four instalments over a two-year period; these payments will be made every six months.