30.2000
Change
-0.2000
Change %
0.6579%
Open
30.4000
Close
30.2000
High
30.4500
Low
30.1500

Mobily says telecom regulator’s suspension still valid

2018-10-08 17:36:39 GMT (Economies.com)
 

Etihad Etisalat (Mobily) announced, in a bourse filing today, that the suspension decision issued earlier today by the telecom regulator for some of the company’s services is still valid.

 

The company added it would continue to work with the Communications and Information Technology Commission to lift the suspension and to continue its services.

CITC issued a decision to suspend some of the company’s services due to failing to fulfil some regulatory obligations.

The decision includes the suspension of sales for prepaid and postpaid packages of mobile services to new customers across the Kingdom, while the telco’s existing customers would not be affected, CITC said in a statement. 

The regulator’s chief Abdulaziz bin Salem Alruwais indicated that Mobily did not fulfil the licensing obligations and thus CITC board decided in late 2017 on a plan to address such a violation represented in not achieving the Saudization ratio for L1 Level.

 
 
 
  Symbol Last Change Chg.%
1.1606
0.0036
0.3139%
1.3751
0.0123
0.9053%
Tadawul
11773.36
25.09
0.21%
23.335
0.700
3.090%
82.022
0.902
1.112%
84.86
0.86
1.02%
1767.855
13.150
0.749%
 
 
News Today