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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
Latin Trade, May, 2004
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.
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