The Communications and Information Technology Commission (CITC) has submitted a request to the Saudi Cabinet to approve the licensing fees ahead of the award of a unified telecoms licence to Saudi Arabian operator Etihad Atheeb Telecommunication (GO Telecom).
GO Telecom said it cannot currently evaluate the related financial impact, though the country’s telecoms market regulator halted trading in GO Telecom’s shares last week upon the telco’s request, ahead of the planned announcement of ‘a material development.’