TE ordered to pay EGP285m to Orange

Cairo – Mubasher: Orange Egypt said Tuesday the Cairo Regional Centre for International Commercial Arbitration (CRCICA)  ordered Telecom Egypt (TE) to pay the company EGP285.19 million ($32 million) in return for interconnection fees.

TE was also bound to pay overdue payment interests and the costs of arbitral proceedings.

On 11 August 2014, the cell phone operator filed a case against TE as a result of a dispute over interconnection rates worth EGP418 million.  

Mubasher Contribution Time: 29-Mar-2016 08:37 (GMT)