Law of Telecommunications and Information Technology

1. Without prejudice to other laws, a service provider shall obtain the Board's approval prior to its merger with another service provider within the Kingdom or abroad, and shall notify the Commission within five business days of any initial agreement reached in this regard. 2. A service provider or any natural or legal person shall obtain the Board's approval prior to the purchase of 5% or more of the shares or interests of a service provider licensed to operate in the Kingdom, or of a percentage that would lead the service provider or the natural or legal person to become a dominant service provider in a relevant telecommunications market or part thereof. 3. The Commission shall, within a period specified by the Regulations, decide on any request it receives in accordance with the provisions of paragraphs (1) and (2) of this Article.