POSSIBLE FINES AND LICENCE CANCELLATION
IMDA could impose financial penalties of up to 10 per cent of the annual turnover of the relevant part of Simba’s business or S$1 million, whichever is higher.
Other possible actions include suspending or cancelling Simba’s spectrum rights or telecommunications licence, shortening its licence period, or imposing additional regulatory obligations to address governance deficiencies.
Simba has until Nov 16 to respond to the show cause notice.
Tuas noted that IMDA has not reached any conclusions on whether regulatory action should be taken against Simba or what form such action might take.
“Simba intends to respond to the Show Cause Notice,” the company said.
Read Full Article At Source
