Dodging a bullet: Ooredoo Kuwait wins court appeal against $125 million fine

Published January 6th, 2015 - 05:17 GMT
But a new court ruling on Monday overturned that decision, according to the bourse statement.
But a new court ruling on Monday overturned that decision, according to the bourse statement.

Ooredoo Kuwait has won a court appeal against a 36.69 million dinars ($124.97 million) judgement in favour of the Ministry of Communications, the telecom operator said in a bourse statement on Tuesday.

The ministry claimed Ooredoo Kuwait had been unlawfully using government network infrastructure since 1999, according to the company’s 2013 annual report. Last February, a Kuwaiti court ordered Ooredoo Kuwait to pay 36.69 million dinars to the ministry.

But a new court ruling on Monday overturned that decision, according to the bourse statement.


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