DUBAI, June 5 Saudi Arabia's market regulator
has suspended trading in Etihad Atheeb after the
landline operator failed to disclose sufficient details on a
network sharing deal with Saudi Telecom Co (STC),
according to a bourse filing on Thursday.
Earlier on Thursday, Atheeb said it had signed a so-called
Indefeasible Rights of Use (IRU) agreement that gives it access
to 30,000 STC data connections for 15 years, with an option to
increase this to 100,000 connections.
But the Capital Market Authority (CMA) has now suspended
trading in Atheeb shares until the company provides more
details, the regulator said in a statement.
(Reporting by Matt Smith; Editing by Mark Potter)