CHAPTER 4 - RESTRUCTURING OF THE TELECOMMUNICATIONS SECTOR Part 1 – Etisalat Corporation Article (24) The exclusive privilege of undertaking the transmission of wire and wireless communications, their operation and maintenance and the development of a general communications system within the State and between the State and foreign countries conferred on Etisalat Corporation by Article 4 of Federal Law No. (1) of 1991 Regarding Emirates Telecommunications Corporation shall hereby cease to exist but without prejudice to the fees payable for services and facilities provided by the Government to Etisalat and which are payable to the Government pursuant to the provisions of the regulations and decisions in force at the date this Federal Law by Decree is issued and the right to impose and amend such fees shall transfer to the Board5. Article (25) Subject to the provisions of any transitional provisions of this Federal Law by Decree, all functions conferred on Etisalat Corporation by Federal Law No. (1) of 1991 Regarding Emirates Telecommunications Corporation that conflict with the powers, competences, and functions of the Board5 and the Authority under this Federal Law by Decree shall cease to be performed by Etisalat Corporation. Article (26)1 The Emirates Investment Authority shall assume, as from the date of the coming into force of the provisions of this Law by Decree, responsibility for representing the Government as a shareholder in corporations and companies in the telecommunications sector, and shall exercise the required powers, unless their articles of association state otherwise. Article (27) Etisalat Corporation shall be required, within a period of ninety days of this Federal Law by Decree coming into force, to take all such steps as shall be necessary to amend its Articles of Association and its applicable rules and regulations to comply with the provisions contained in this Federal Law by Decree and any regulations or decisions issued by the Board5. 18