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General

Claro-Comcel still owes over COP 209 billion to ETB

Saturday 1 March 2014 | 00:15 CET | News
Colombian operator ETB said that two of the six arbitration tribunals convened by Claro Comcel against ETB proved the state-owned operator right. Of the six courts, two have not yet been installed and are in the process of appointing arbitrators. Both courts requested the preliminary interpretation of the Andean Court of Justice, as international standards signed by Colombia dictate. The Court ordered the cancellation of the three arbitration decisions that ordereed ETB to pay COP 134 billion to Claro. The Andean Court's view was shared by the Colombian Council of State, which overturned the

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Categories: General
Companies: Claro / Comcel / ETB
Countries: Colombia
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