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View Full Version : Iraqi Court rejects $4.5 billion compensation claim against Kuwait's Zain Telecom



Hue Mi
07-10-2014, 07:21 PM
The Iraqi Court rejects compensation claim against the company by $ 4.5 billion (http://www.dananernews.com/News_Details.php?ID=4954)

2014-07-10

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Baghdad/JD/.. She said Kuwait's Zain Telecom said on Thursday that an Iraqi Court rejected 4.5 billion dollar lawsuit against the Iraqi unity, with indicated that they would seek to end receivership imposed on some income.

Zain said in a statement seen by AFP/JD/: the claimant without revealing her name called for compensation from the Iraqi communications and Media Commission but the Court dismissed the case against Zain Iraq, noting that the authority of governance subject to appeal within 15 days from the date.

Zain said in a statement that the company would seek to lift the restrictions, noting that the largest mobile operators in Iraq in terms of the number of participants.

The Court ruled in January imposed receivership on revenues that accrue to Zain Iraq from participants who relocated after the acquisition of iraqna, an Iraqi bank deposited in the pending case.

In an earlier statement, said Zain sued the Iraqi unity on purchased iraqna competition versus $1.2 billion from Orascom Telecom in Egypt 2007.

The number of subscribers to about three million iraqna time obsession Zain Iraq while the latter contributed 40 percent of the revenues of its parent company in the first quarter /finished/22/