Davnet apologizes to New World Telephone to avoid suit

Australian telecom operator Davnet has apologized to New World Telephone after New World threatened to sue it for remarks it made about the Hong Kong operator''s staffing and market share.

Toni Clarke

June 13, 2000

Davnet, an Australian telecom company, has apologized to New World Telephone today in order to avert legal action by the Hong Kong operator. The dispute arose over comments Davnet made following the breakdown of negotiations to take a 74% stake in New World's fixed line business.

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