Mobily says pre-paid sales ban lifted
Etisalat’s KSA affiliate now ‘fulfils all regulations’
Saudi Arabia's number-two telecom operator Etihad Etisalat Co (Mobily) said on Saturday it has resumed pre-paid SIM sales to new subscribers after regulators relaxed a ban imposed last Sunday.
Mobily, the Saudi Arabian affiliate of UAE telco Etisalat, said in a statement to the Saudi bourse that the sales suspension imposed by the Communication and Information Technology Commission (CITC) ended on Wednesday night.
The statement said that Mobily had "fulfilled all regulations related to providing prepaid mobile calling services, including the linkage of recharge with customers identification numbers".
In late November, Saudi Arabia's industry regulator suspended Mobily's sales of new pre-paid, or pay-as-you-go, SIM cards until it met recently imposed rules on SIM registration.
Within two days of the ban Etisalat said it was committed to its Saudi Arabian affiliate, adding that it wanted to up its stake in Mobily if given the chance.
Etisalat owns a 28% stake in Mobily and has previously talked of increasing its holding.
Mobily said the ban would have little impact on earnings.