Saudi Arabia’s Capital Markets Authority has fined local telco and internet provider Saudi Integrated Telecommunications Co (SITC) a total of SAR200,000 (USD53,300) for violating its markets laws and listing rules. A report from Gulf News says that the firm failed to inform the Communication and Information Technology Commission (CITC) of a lack of funds which meant it could not fulfil its financial obligations and it did not make all of the required payments for wireless spectrum licences.
Subscribe
Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.
Browse Past Issues
Filter
Filter CommsUpdate by the following categories or use the search.
Search
Visit our help page information on performing advanced searches, including how to restrict the results by country or company.
Advertise
CommsUpdate is an outstanding advertising venue for companies seeking to reach:
- International carriers
- Wholesale service providers
- Equipment and software vendors
- Telecom investors
- Regulators