Telecom Egypt (TE) announced it has reached a final settlement agreement with Etisalat Misr in regards to a dispute on international calls services. According to the settlement terms, TE will pay Etisalat Misr USD 48 mn “to mitigate an exposure of more than USD 100 mn” and it would cover amounts relating from the start of rendering services to Etisalat Misr and until 13 June 2017. TE says the settlement marks the end of all disputes with mobile operators in Egypt.

Tags: