Telecom regulator lifts suspension on Mobily sales, services

09/10/2018 Argaam

 

Saudi Arabia’s telecom regulator Communications and Information Technology Commission (CITC) has lifted the suspension of sales for Etihad Etisalat Co.'s (Mobily) prepaid and postpaid mobile packages to new customers, the telco said in a bourse filing Tuesday.

 

The suspension was withdrawn on Oct.8 following the presentation of proof of achieving Saudization level, the statement said.

 

The CITC had suspended the sale of prepaid and postpaid packages on Monday for not meeting Saudization requirements for employees at the executive level.

 

There is no material financial impact of this suspension, the statement added.

 

Mobily shares will recommence trading today, after being suspended yesterday.

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