Iraqi court dismisses $4.5 bln claim against Zain, says verdict final
 

By Matt Smith and Maha El Dahan DUBAI (Reuters) - An Iraqi court has rejected a $4.5 billion lawsuit against Zain over its 2007 acquisition of an Iraqi telecom operator, dismissing the applicants' right to appeal, the Kuwaiti group said on Sunday. In a separate judgment, a court also fined Zain unit Zain Iraq $100 million for using a range of mobile phone numbers without the telecom regulator?s permission, although the operator can still appeal against this penalty. In reference to the $4.5 billion court case, Zain bought Iraqna for $1.2 billion from Orascom Telecom in December 2007 after the Egyptian company dropped out of the running for a long-term mobile licence in Iraq. Zain mounted its own appeal to a higher court, which subsequently instructed the lower court to reconsider its verdict.

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