Riyadh – Mubasher: Etihad Atheeb Telecommunication Company (GO) inked an agreement with one of the main suppliers to settle all balances and debts between the two parties for the period from the start of dealing until 31 December 2020.

The two parties agreed that the net balance until 31 December amounts to SAR 370 million in favour of the main supplier and cancelled the previously-signed optical fibre (FTTH IRU) agreement, according to a bourse disclosure on Thursday.   

The financial impact of the abovementioned settlement will reflect on the company's accounts and will be disclosed in the next financial results.