Alcatel-Lucent Proposes Compensation Package For ICE

March 2008 | Company News Alert

Costa Rican state-owned telecoms operator Instituto Costarricense de Electricidad (ICE) is considering a compensation proposal from Alcatel-Lucent for failing to comply with a contract to provide mobile infrastructure. The contract was awarded in 2002 but Alcatel-Lucent did not meet certain requirements, leaving ICE to demand compensation of CRC31.2bn (US$62.8mn) in August 2007. The proposal from Alcatel-Lucent is worth US$60mn, according to the ICE's legal director Giovanni Bonilla, for losses in income from network failures and incompletion of the contract.

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