Saudi Arabia's Atheeb Telecom 7040.SE said it filed a lawsuit against Saudi Telecom (7010.SE) (STC) for allegedly violating regulatory and anti-monopoly laws, according to a bourse statement.
Atheeb's Chairman Prince Abdul-Aziz bin Ahmed bin Abdul-Aziz told Reuters the firm was prevented from providing some of its services which resulted in an estimated loss of $174.9 million.
"It cost us (estimated losses) of 656 million riyals ($174.9 million) since the start until the third quarter," he said.
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