Ooredoo Kuwait Says Wins Court Appeal Against $125m Fine

Ooredoo Kuwait has won a court appeal against a 36.69 million dinars ($124.97 million) judgement in favour of the Ministry of Communications, the telecom operator said in a bourse statement on Tuesday.

The ministry claimed Ooredoo Kuwait had been unlawfully using government network infrastructure since 1999, according to the company’s 2013 annual report. Last February, a Kuwaiti court ordered Ooredoo Kuwait to pay 36.69 million dinars to the ministry.

But a new court ruling on Monday overturned that decision, according to the bourse statement.