Global Telecom Holding (GTH) paid Atheer Telecom Iraq the USD 60 mn indemnity that an English High Court found it liable of in February, the company’s IR director Alaa Tayeh tells Al Mal. Both GTH and Orascom Telecom Iraq (OTI) had been forced to pay USD 60 mn, in addition to USD 7.75 mn in accrued interest and GBP 1.25 mn in interim legal costs, to Atheer on grounds of a tax dispute that originated in 2007 from the sale of OTI mobile subsidiary Iraqna to Atheer.

Tags: