POLALA.COM
welcome to my space
X
Search:  
Welcome to:polala.com
NAVIGATION: Home >>
T-Mobile Hit With RICO Charges
Published by: anonym 2008-11-22

T-Mobile Hit With RICO Charges::
NCCBot is offline. Location: Online. Posts: 681. NCCBot is an unknown quantity at this point. Default T-Mobile Hit With RICO Charges
http://www.netcashcows.com/forum/showthread.php?t=5028
HOME
UPDATED: The battle for control of the Polish mobile telecom market has moved from the courts of Europe to a Seattle federal courthouse.

Using the Racketeer Influenced and Corrupt Organizations (RICO) law, French telecom and entertainment giant Vivendi filed suit Monday against T-Mobile, the U.S. unit of its long-time German rival Deutsche Telecom (DT).

The suit charges T-Mobile and Poland's Elektrim joined forces to steal Vivendi's $2.5 billion investment in one of that country's top telecom players.

Zygmunt Solorz-Zak, who controlled Elektrim and was one of Vivendi's partners in its investment in Polska Telefonia Cyfrowa (PTC), was also named in the suit along with T-Mobile Deutschland Gmbh and Deutsche Telecom.

Vivendi chair Jean-Bernard Levy told reporters the French telecom firm plans to call T-Mobile and DT executives to testify about what it claims were e-mail and phone conversations which point to a scheme to wrest control of PTC, another leading telecommunications firm in Poland.

In the 32-page lawsuit, Vivendi charges the defendants "engaged in a massive multi-year racketeering conspiracy to illegally seize PTC."

T-Mobile and the others named in the suit "have now succeeded in wrenching PTC away from Vivendi and have deprived Vivendi of its $2.5 billion investment," according to the complaint.

"T-Mobile induced our partner to secretly conspire against us," Levy said.

For its part, T-Mobile USA refused comment. "T-Mobile USA does not comment on pending litigation," a spokesperson told internetnews.com. DT did not respond to a request for comment.

In a statement, Vivendi charged T-Mobile and Solorz-Zak colluded in a "pattern of racketeering activity over U.S. wires as part of an unlawful scheme to take over an enterprise, PTC, and corrupt another enterprise, Elektrim."

Levy gave an analogy of buying a home with a partner then finding himself on the street and his name removed from the title.

"Vivendi asks the court for a simple remedy: give us back our money or our PTC shares," he said in a statement. "Fairness and justice must prevail."

The dispute over ownership of PTC has raged since 1999. Vivendi owns 25 percent via a holding company with Elektrim the minority partner. Elektrim holds it is full owner of the holding company.

After not receiving an answer from DT on a September offer to buy its German rival's holdings in PTC, in October, Vivendi dismissed DT's claim it had purchased Elektrim's stake in PTC.


Holiday PC Buyers to Get Vista Coupons
TI Disappoints

#If you have any other info about this subject , Please add it free.#
Your name:
E-mail:
Telphone:

Your comments:


If you have any other info about T-Mobile Hit With RICO Charges , Please add it free.
 Homepage | Add to favorites | Contact us | Exchange links | LOGIN | Site map | 
Copyright© 2008 polala.com        Site made:CFZ