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Nera Telecommunications: General Announcement: : Commencement of Arbitration Proceedings against Sandvine Corporation for the sum of US$3.8 million

Jan 16, 2020 - News Bites - Asia: Singapore

SINGAPOREAN DAILY STOCK REPORT

Corporate Wire Date: 16 January 2020 13:00 SGT

ORIGINAL ANNOUNCEMENT [Text]

1. The Board of Directors of Nera Telecommunications Ltd. (the "Company") wishes to announce that the Company has on 10 January 2020 commenced arbitration proceedings (the "Arbitration") against Sandvine Corporation ("Sandvine"), a company incorporated in Ontario, Canada for the sum of US$3.8 million. The Arbitration is in respect of contractual disputes between the Compan...