October 3, 2008

MAHANAGAR TELEPHONE: Defends Alcatel Claims Over Supply Contract

COMPANIES: Alcatel SA | Mahanagar Telephone Nigam Ltd

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Mahanagar Telephone Nigam Ltd. defends against Alcatel’s claims stemming from a contract for supply of digital local telephone exchange equipment.

In the year 2004 to 2005, Alcatel brought claims aggregating to INR137.19 million against the Company.

The claims include claims…

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