Conduit reaches settlement with BT
Conduit has announced that subsidiary Conduit Enterprises has reached a settlement with BT in relation to a dispute which had arisen concerning a contract from last February under which Conduit agreed to supply directory assistance services to O2 (UK).
The main terms of the settlement require BT without admission of liability to pay Conduit £4.65m (€7.26m) in compensation for lost profits, damages and legal costs, in return for Conduit's withdrawal from High Court proceedings scheduled for hearing on January 13 next.