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Orascom Telecom settles dispute with Chad
- Egypt: Tuesday, June 23 - 2009 at 13:35
Egypt's Orascom Telecom said it had received $4.9 million from Chad in a settlement over ownership of a Chadian mobile operator, Reuters has reported. The company said Chad's telecommunications ministry had invalidated the transfer of 51% of Chadian operator TchadMobile to OT, and the regional operator suspended its operation of TchadMobile in July 2004, and took the case to the International Chamber of Commerce (ICC) in March 2005, which ruled against Sotel Tchad, the country's fixed line operator, and the Chadian government.
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