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11 August 2017
| Alan Burkitt-Gray
A Colombian court that has imposed a $1.55bn fine on Claro and Telefónica is offering to let the operators pay in instalments.
A Colombian newspaper, Portfolio, reported by
BNAmericas, says anonymous sources in government are open to
the possibility of negotiating the terms.
Otherwise the two companies are due to pay the full fine of 4.7
trillion pesos on Tuesday 15 August.
The ruling, imposed in July, says that Claro, owned by
América Móvil, and
Telefónica’s Movistar operation have to pay
for the use of public infrastructure and assets, citing a 1994
contract. The agreement originally expired in 2004, says
BNAmericas, but was extended until 2013.
América Móvil is liable to two-thirds of the
fine, say the reports from Bogotá.
BNAmericas also quotes a report from Spain’s
El País newspaper that Telefónica is
seeking to appeal to the World Bank’s
International Centre for Settlement of Investment Disputes,
claiming that the fine violates agreements between Colombia and