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Colombia: Telefonica Wins Interconnection Fee Case Print E-mail
Friday, 09 November 2007

A Colombian arbitration panel ordered fixed-line operator Empresa de Telefonos de Bogota (ETB) to pay US$ 53.2 million to Telefonica in a dispute over interconnection fees.

Telefonica claims that since 2002, ETB has not been transferring to Telefonica a large enough portion of the fees it charges customers for calls made to the Telefonica’s mobile subscribers, Andres Perez, ETB's general secretary, said. The arbitration panel ruled in favour of Telefonica.

"We think we respected the contracts signed with Telefonica and the current regulation," Perez said.

ETB is required to pay US$53.2 million plus interest that accumulated during the lawsuit. ETB says it has set aside the cash to be able to pay the settlement and that it won't affect the company's profits reported so far. Perez said ETB will appeal the decision.

Source: Dow Jones - WDR/Intelecon Regulatory News.