September 22, 2020

LIME to pay Digicel Jamaican$1.5 billion

0
0



Pin It

LIME_DIGICEL_From IRIE FM

[Jamaica’s] Supreme Court has ordered telecoms provider LIME under its parent company Cable and Wireless to pay its competitor Digicel $1.5 billion.

This follows a ruling by Justice Bryan Sykes last July in favour of Digicel.

The judge held that LIME wrongfully deducted hundreds of millions of dollars from money collected from ITA fixed line customers.

He directed the registrar of the Supreme Court to carry out an assessment of the sum that would be refunded to Digicel. The registrar has determined that the amount payable is approximately $1.5 billion.

It was also determined that interest is to be paid on that sum, at $250,000 per day. LIME and Digicel are expected to engage in discussions about arrangements for payment of the monies.

For more on this story go to: http://www.iriefm.net/news/headline/lime-pay-digicel-15-billion

Related stories:

LIME to pay Digicel USD12.8m in interconnect dispute
From Telegraphy
Jamaican integrated telco LIME has been ordered to pay its rival Digicel Jamaica more than JMD1.5 billion (USD12.8 million) for wrongly withholding payments due for fixed-to-mobile calls between their respective networks.

The ruling relates to two lawsuits brought against LIME’s owner Cable & Wireless Communications by Digicel in 2007 and 2009. The country’s Supreme Court had given a decision in favour of Digicel in July last year, but has now completed an accounting exercise to determine the full sum to be repaid.

The court has also dismissed an appeal by LIME, the Jamaica Gleaner reports. The payments relate to disputed interconnect fees due on calls between LIME’s fixed line network and the mobile networks of Digicel.
For more on this story go to: https://www.telegeography.com/products/commsupdate/articles/2015/02/04/lime-to-pay-digicel-usd12-8m-in-interconnect-dispute/

IMAGE: http://www.caribbean360.com/business/lime-pay-millions-digicel-wrongly-withholding-money

Print Friendly, PDF & Email
About ieyenews

Speak Your Mind

*