Telcom Egypt pays USD 48 mln to settle dispute with Etisalat Egypt

Wednesday 24 January 2018 | 09:07 CET | News
Telecom Egypt (TE) has announced that it has reached a final settlement agreement with Etisalat Egypt regarding a dispute over international calls services. As per the agreement, TE will pay USD 48 million to Etisalat Egypt to alleviate an estimated potential risk of more than USD 100 million. The company pointed out that this agreement comes within the framework of its policy to settle all its disputes with the other mobile operators.

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Categories: Mobile & Wireless
Companies: Etisalat Egypt / Telecom Egypt
Countries: Egypt
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