GN Store Nord Unit Files 2.4 Billion-Krone Claim Against TPSA
GN Store Nord A/S unit DPTG I/S filed a 2.4 billion-krone ($430 million) claim against Poland’s biggest phone company in the second phase of an arbitration trial.
DPTG, a joint venture in which GN, the world’s largest maker of headsets, owns 75 percent and Danish phone company TDC A/S owns the rest, won a 2.2 billion-krone award in September at the Arbitration Tribunal in Vienna. The tribunal said Telekomunikacja Polska SA had improperly calculated what it owed DPTG for a fiber-optic transmission system the venture installed in 1991.
The Polish company, known as TPSA, owed payments based on data traffic over the network. The companies disagreed over how to measure the traffic and spent nine years in arbitration. The September award covered traffic from 1994 to 2004, and the new claim refers to 2004 to 2009. TPSA hasn’t paid the first award and has filed a complaint over the arbitration, while GN has started enforcement proceedings in Poland and the Netherlands.
GN estimated in September that DPTG would claim “above 1 billion kroner” for 2004 through 2009. A more detailed assessment showed significantly higher data traffic due to faster growth in the Polish telecommunications market, GN said in a statement today.
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