Telecommunication profits down by 50% over last ten years

telecommunications towers 5G
(File photo: Jordan News)
AMMAN — Telecommunication companies in Jordan are facing challenges in operational costs, increased taxation, and the overly-high values collected by the state treasury. These companies are also prohibited from raising their service prices. اضافة اعلان

Statistics indicate that the profits of telecommunications companies operating in Jordan have decreased by more than 50 percent over the past ten years. Meanwhile, prices of goods, services, and operational costs have risen, Ammon News reported.

Telecommunications service prices in Jordan have decreased to become among the lowest globally, while the sector has contributed approximately $3 billion to the treasury.

Telecommunications sector’s prosperity
The sector contributes around JD350 million annually to the state treasury, as the government collects JD0.70 for every JD1 spent on telecommunications services in taxes, ranking among the top three countries in the world; additionally, these companies have to pay licensing costs.

The telecommunications sector employs around 20,000 Jordanians and supports social development through its initiatives and activities, whether in the technological field or other areas of serving the local community. It also supports entrepreneurship and innovation to enhance the experiences and skills of the workforce in the kingdom.

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