NTL settles Vodafone ‘overcharging’ row
NTL and Vodafone have come to an "amicable" agreement over allegations that the cableco overcharged the mobile phone giant for the rental of fixed line telephony services.
Vodafone launched legal action against NTL last year. At the time, NTL warned that if Vodafone's legal action was successful it could have an "adverse effect on NTL's financial position".
In a statement today NTL said: "NTL Incorporated has today confirmed that the previously disclosed dispute relating to contracts for the provision by NTL of mobile network transmission services to Vodafone Limited has been settled amicably and on terms acceptable to both parties.
"NTL looks forward to continuing its strong commercial relationship with Vodafone in the future," it said.
A spokeswoman for NTL declined to shed any further light on the matter. ®