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LJUBLJANA (Slovenia), September 21 (SeeNews) - Telekom Slovenije [LJE:TLSG] said on Friday that it has reached a court settlement with its peer T-2 following a lengthy legal battle over an alleged abuse of market position.
By signing the court settlement the companies have finally settled all relations between them in connection to the litigation between the plaintiff T-2 and the defendant Telekom Slovenije over the payment of 129.6 million euro ($152.2 million) with interest and other charges, Telekom Slovenije said in a filing to the Ljubljana Stock Exchange.
Telekom Slovenije explained that the companies are now free of any obligations towards each other arising from this case and related to the disputed mutual relations.
It added it will not reveal any further details of the signed settlement.
Earlier this month, Slovenian media reported that Telekom Slovenije has agreed to pay 50 million euro to T-2. Telekom Slovenije has refused to comment on the media reports.
In 2017, Slovenia's Supreme Court ruled in favour of T-2’s request for review filed against the decision of the Ljubljana Higher Court, which had rejected the proposal for retrial in the economic dispute with Telekom Slovenije for the payment of 129.6 million euro in damages. The Supreme Court reversed the decisions of the courts of the first and second instance, and sent the matter back to the court of first instance for retrial.