Clarocom Sues C&W Panama for $135 Million for Anti Trust

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ClaroCOM has filed a $135 million dollar Anti Trust Lawsuit against Cable and Wireless Panama, SA (C&W Panama).

C&W Panama has gone to great lengths to dominate its competition by refusing to comply with our interconnection agreement which was signed in 2002, and the clearly established telecommunications regulations of the Republic of Panama which were written to protect the people of Panama and promote investment in this sector

ClaroCOM filed a $135 million dollar Anti Trust Lawsuit against Cable and Wireless Panama S.A., a subsidiary of Cable and Wireless PLC, based in London, England. The Commercial courts in Panama have already admitted this suit (Docket 3214-06).

C&W Panama, with its complete control over the Public Switched Telecommunications Network (PSTN) has been sanctioned and fined by the Regulator (http://www.ersp.gob.pa) many times for committing a variety of market abuses and refusing to comply with the established regulations. These well documented abuses have led to a systematic and effective extension of C&W Panama`s Monopoly that was supposed to end January 2, 2003.

“C&W Panama has gone to great lengths to dominate its competition by refusing to comply with our interconnection agreement which was signed in 2002, and the clearly established telecommunications regulations of the Republic of Panama which were written to protect the people of Panama and promote investment in this sector” Says Seth A. Redlich, Founder and Chairman of ClaroCOM. Under Panama Anti Trust law,violators are subject to triple damages if it is proven that the company abused its power in order to dominate or control what is supposed to be a free market.

ClaroCOM (http://www.clarocom.com) is an independent full service telecommunications company that is comprised of mixed US and Panamanian capital. ClaroCOM is a wholly owned subsidiary of Galaxy Communications Corp, S.A., a Panamanian Corporation. ClaroCOM was one of the first new entrants to open its doors in Panama’s newly deregulated telecommunications market and began operations during February 2003. ClaroCOM now employs over 100 people in the Republic of Panama.

For a historical perspective on C&W entry into the Panamanian market go to:

http://www.worldpress.org/Americas/653.cfm

Press Contact:

Pedro Cordovez

pcordovez-at-clarocom.com

http://www.clarocom.com
+507 200 0100

+507 6617 6996 (Cell)

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Pedro Cordovez
Clarocom
+507 200-0100
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