View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
March 8, 1988

BRITISH TELECOM, MITEL SUED FOR $15,000,000,000

By CBR Staff Writer

British Telcommunications Plc and its 51% subsidiary Mitel Corp have been hit by a lawsuit that seeks a cool $15,000m damages for alleged breach of contract. The suit was brought in New York late Tuesday by Insat Inc, a start-up company that claims that it commissioned Mitel to develop and build a switch for use in a revolutionary satellite communications system – the implication is that the switch would have gone into the satellite, but this is not clear. The company says that when British Telecom acquired Mitel, the Canadian company backed out of the agreement, and instead handed rights to the switch over to British Telecom. The $15,000m is Insat’s estimate of profits lost as a result of its consequent inability to implement the planned system.

Topics in this article :
Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU