DUBAI Oct 3 Atheeb Telecommunication Co
said on Monday that the government's decision to
extend its licence by 15 years would reduce the company's annual
costs by 9.7 million riyals ($2.6 million).
The Capital Market Authority on Sunday suspended trade in
the shares of the kingdom's listed telecommunications operators
after the government decided to extend their licences.
In addition, the government said it would provide the firms
with "unified licences" allowing them to offer all
telecommunications services. It did not give details.
(Reporting By Hadeel Al Sayegh; Writing by Tom Arnold; Editing
by Andrew Torchia)