Breaking News, World News and Taiwan News.

Vodafone hit with 250 million euro lawsuit in Greece for contract breach

Reuters--Vodafone has been served with a 250 million euro (US$343.26 million) lawsuit for allegedly breaching its contracts and causing harm to a Greek retail partner, the Financial Times reported late on Sunday.

The FT, citing claims it had seen, said that Vodafone Greece last week received details of the civil lawsuit from MTS, a local telecoms retailer that sold Vodafone contracts and services in the country.

MTS, in which the British telecoms group owns a 40 percent stake, claimed that Vodafone restricted its ability to operate through the cancellation of a loan restructuring and the termination of a co-operation agreement involving maintenance services and loan contracts, the Financial Times said.

MTS also claimed that it was prevented from listing on the Athens stock exchange by Vodafone, which exploited its economic dependence on the British group.

MTS and Vodafone could not be reached for further comment outside of regular business hours.

Write a Comment
CAPTCHA Code Image
Type in image code
Change the code
 Receive China Post promos
 Respond to this email
WSJA
Subscribe  |   Advertise  |   RSS Feed  |   About Us  |   Career  |   Contact Us
Sitemap  |   Top Stories  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |   Arts & Leisure  |   Health  |   Editorial  |   Commentary
Travel  |   Movies  |   TV Listings  |   Classifieds  |   Bookstore  |   Getting Around  |   Weather  |   Guide Post  |   Student Post  |   English Courses  |   Terms of Use  |   Sitemap
  chinapost search