Under the agreements, Motorola provided Telsim
with equipment financing, financing to purchase a GSM cellular license from the government of Turkey as well as the major supply components for a GSM cellular telephone system.
192) In favour of the view that the two standards are essentially equal, see Telsim
, above nl88 at ; Biwater, above nl4 at ; Azurix, above n46 at ; CMS, above n85 at 1236; Saluka, above n3 at .
Nokia said that it was pleased with the resolution of the issue with Telsim
Judge Rakoff further stated that: "[A]ny doubt about the defendants' [the Uzans'] hypocrisy and contumacious intent was laid to rest when the Court suggested that, in place of the transfer of Telsim
stock, defendants simply post a bond in this Court .
Two weeks ago the judge ruled that Motorola had been a victim of a fraud centering on supply agreements and vendor financing from the US firm to Telsim
TL, the Turkish mobile phone operator owned by the Uzans, and other Uzan-owned firms.
The family controls the group that owns the mobile telephone operator Telsim
Mobile, currently being pursued in the United States for fraud.
Both BT Cellnet in the UK and T-Mobil in Germany launched their GPRS services in June, and Telsim
in Turkey and China United Telecommunications Corporation (China Unicom) launched their GPRS services this month, enabled by the Motorola/Cisco GPRS solution and Motorola's GPRS handsets.
Deliveries, which will be staged over three years, will enable Telsim
to further increase its market share and extend its offer of mobile data transmission services.
The second is held by Telsim
, owned by Rumeli Holding and Motorola of the US.
ICSID Tribunals have already held Kazakhstan liable for such takings, including the Rumeli & Telsim
The report states, "It was the then government-owned Turk Telekom that used to operate the system through its subcontractors, namely Turkcell and Telsim
," adding, "The Treasury used to retain 67 [percent] of the revenue and the sub-contractors, two GSM Companies, used to cover all their expenses from the remaining 33 [percent] and make a profit.
TMSF sequestered companies of the family including Star Media and Telsim
GSM Operator to recoup the money.