Saudi Arabia: Issued Ruling in GAC Investigation into Saudi Telecom Company for Violations of the Competition Act
Description
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…
Scope
Policy Area
Competition
Policy Instrument
Unilateral conduct regulation
Regulated Economic Activity
infrastructure provider: internet and telecom services
Implementation Level
national
Government Branch
executive
Government Body
competition authority