TV News LIES

Tuesday, Mar 19th

Last update06:28:22 AM GMT

You are here News International Mexican mobile phone operator sues IBM for $2.5 billion

Mexican mobile phone operator sues IBM for $2.5 billion

E-mail Print PDF

IBM suedMexican mobile phone operator Iusacell SA de CV sued IBM Corp on Wednesday, accusing the U.S. technology giant of making fraudulent representations that caused it to lose $2.5 billion in profits.

The lawsuit, filed in federal district court in New York, was heavily redacted, leaving many of the claims unclear. But the complaint centered on a contract that Iusacell said IBM induced it to enter into in Mexico.

"Events subsequent to the execution of the agreement have revealed that IBM both knowingly misrepresented and wrongfully concealed from Iusacell material facts both before and during the parties' relationship," Iusacell said in the complaint.

Iusacell is co-owned by television and retail mogul Ricardo Salinas' Grupo Salinas and broadcast and pay TV giant Grupo Televisa.

More...


Most Recent Related Stories...


Ukraine war updates: Western leaders slam Putin’s election win as ‘illegitimate’

Russian election farce Russian President Vladimir Putin swept through the country’s election over the weekend to secure a fifth...

Russia says Ukraine launched far-ranging drone attacks on final day of Russia’s presidential vote

Ukraine attacks inside RussiaUkraine launched a new wave of attacks inside Russian territory Sunday, killing at least two people,...

‘Catastrophic levels of hunger’ in Gaza mean famine is imminent, says aid coalition

Ctrastrophic hunger in Gazaa Famine is imminent in northern Gaza with people suffering “catastrophic levels of hunger”, a coalition of...

Israel launches night raid on Gaza al-Shifa hospital

Israel hits hospital Israeli forces have launched an overnight raid on the al-Shifa hospital in Gaza, with reports of...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!