Etihad Atheeb Telecommunication Co. (GO) on Thursday said that Riyadh Administrative Court on Feb. 5 rejected its lawsuit to revoke the decision of against the Communications and Information Technology Commission (CITC) on spectrum retrieval.
GO will file a petition with the administrative court of appeal in Riyadh.
It is currently difficult to estimate the related financial impact, GO added in a bourse statement.
In October 2017, the telecom operator received a letter from CITC on retrieval of the additional spectrum awarded to GO in an auction conducted in June, Argaam reported.
The telecom market regulator’s decision came as GO failed to pay the first installment of the total value of allocated spectrum.
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