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2011-06-03 17:29:39 CEST 2011-06-03 17:30:38 CEST REGULATED INFORMATION Skipti hf. - Company AnnouncementSíminn hf. has signed an agreement with Seamobile EuropeSíminn hf., a subsidiary of Skipti hf., has signed an agreement with Seamobile Europe that includes a payment of EUR 4.5 million from Síminn to Seamobile Europe, The payment is considerable lower than the International Chamber of Commerce Arbitration Tribunal in Paris had concluded. In October 2010 the arbitration tribunal concluded that Síminn was to pay Seamobile Europe approximately EUR 7.7 million. Seamobile Europe‘s claim was based on an agreement that Landssími Íslands hf. entered into with the company Geolink in 2003 concerning telecommunications services in international waters. In the beginning of 2011 the District Court of Reykjavík confirmed that the arbitration tribunal decision was enforceable in Iceland. The agreement concludes the presumably prolonged and sumptuous dispute between the two companies. |
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