Saudi Arabia: GAC Investigation into Saudi Telecom Company for alleged violations of the Competition Law
Progress
Current status
in force
18 Jan 2021 in force
Scope
Implementers
Saudi Arabia
Policy Area
Competition
Policy Instrument
Unilateral conduct regulation
Regulated Economic Activity
infrastructure provider: internet and telecom services
Government Branch
executive
Government Body
competition authority
Implementation Level
national
Timeline of events
Issued Ruling in GAC Investigation into Saudi Telecom Company for Violations of the Competition Act
On 18 January 2021, the General Authority for Competition (GAC) issued a ruling in its investigation into Saudi Telecom Company (STC). The GAC found that STC violated the Competition Law and imposed a fine of SAR 10,000,000. STC has been found to ha…
SourceEvent type
investigation
Action type
ruling
Government branch
executive
Government body
competition authority