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Colombia Telecomunicaciones, the state-owned telecommunications company, paid US$80 million to Canada's Nortel Networks to settl


COLOMBIA TELECOMUNICACIONES, the state-owned telecommunications company, paid US$80 million to Canada's Nortel Networks to settle a legal battle over joint-venture contracts between the two companies. As part of the settlement, Nortel will transfer ownership of more than 600,000 telephone lines.

COPYRIGHT 2004 Freedom Magazines, Inc. Reproduced with permission of the copyright holder. Further reproduction or distribution is prohibited without permission.

Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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