Egypt's Orascom Telecom settles dispute with Chad
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Egypt's Orascom Telecom settles dispute with Chad UPDATED 22 Jun 2009 | 07:17  
Egypt's Orascom Telecom settles dispute with Chad

CAIRO (Reuters) - Egypt's Orascom Telecom (OT)

said on Monday it had received $4.9 million from Chad in a settlement over ownership of a Chadian mobile operator.

Chad's telecommunications ministry had invalidated the transfer of 51 percent of Chadian operator TchadMobile to OT, and the regional Arab operator suspended its operation of TchadMobile in July 2004, the firm said.

OT took the case to the International Chamber of Commerce (ICC) in March 2005, which ruled against Sotel Tchad, the country's fixed line operator, and the Chadian government.

OT is also mired in an ownership dispute with France Telecom over their joint ownership of Egypt's Mobinil.

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