O2 and EasyAir avoid High Court spat
Print'Amicable' settlement
Posted in Financial News, 7th April 2005 13:02 GMT
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EasyAir Limited and O2 have reached an out of court settlement and agreed not to press ahead with legal action against one another.
EasyAir - which trades as OpenAir - and O2 had been involved in a legal spat after the former O2 reseller accused the mobilephoneco of overcharging punters.
In one example, it was alleged that O2 billed a business customer £28,000 a month for running 125 O2 phones when the punter should have been billed less than £1,000, said OpenAir.
The matter was even looked at by Ofcom although the regulator did not press ahead with a formal investigation.
In a joint statement both parties said that their High Court dispute had been "settled amicably".
"The settlement is comprised of both parties agreeing not to pursue their own claims," the companies said in a statement. OpenAir sought £2.9 million in damages and O2 sought £1.5 million in debt, but according to the statement, "The settlement did not involve the payment of any monies by either party or entering into any alternative commercial arrangements." ®
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