Official Gazette-Issue 41- Addendum - 23/7/2002
6) Upon its incorporation and prior to its privatization, the Company shall be
exempted from notary fees pertaining to the State, registration fees of the
Commercial Register, as well as fees for the Solidarity Fund of Judges and for
the Bar Association, and fiscal stamp duty on capital. Contributions in kind
shall also be exempt from registration fees.
7) The Company shall appoint a statutory auditor for a period of three years and be
exempted from the requirement of having an additional auditor.
Article 45: Licensing of the Company with Temporary Exclusivity
1) The Company shall be licensed for a period of 20 years to provide the following
Telecommunications Services:
a) Basic Telephony Service;
b) international public voice service;
c) national and international telex and telegraph service;
d) mobile telephone service;
e) national Private Line Service;
f) international Private Line Service;
g) telecommunications offices and public payphones;
h) emergency Telecommunications Services;
i) numbering information service and telephone directory;
j) any other services deemed necessary by the TRA in the public interest;
2) The License granted to the Company may include an exclusive right to provide
any of the services listed under items (a), (b) and (c) of the previous clause for
a period not exceeding five years from the date of the Company’s
incorporation.
3) In the event the Company fails to provide, in one or more regions, services to
which it has exclusive rights, the TRA may grant applicants non-exclusive
Licenses to provide such services, provided that the Company is notified in
writing at least 60 days before such Licenses are granted.
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