Telecommunication company LIME is to pay more than j$1.5 billion to its competitor Digicel (Jamaica) Limited for wrongly withholding money due for calls from LIME’s fixed-line customers to Digicel mobile phones.
This is as a result of two suits Digicel had brought in 2007 and 2009 in the Supreme Court against Cable & Wireless, trading as LIME, for its refusal to hand over the money.
LIME denied that it was liable to refund Digicel and filed a counterclaim against Digicel for more than j$600 million.
Justice Bryan Sykes heard the matters and in July last year ruled largely in favour of Digicel.
The judge held that LIME had wrongly deducted hundreds of millions of dollars from money collected from its fixed-line customers. He directed the registrar of the Supreme Court to carry out a “taking of accounts” to assess the sum that should be refunded to Digicel. He also dismissed LIME’s counterclaim.
On November 24, 2014, the registrar completed the taking of accounts and determined that j$1,369,662,438.21 was owing in one of the actions and j$179,711,469.02 in the other. The total is more than j$1.5 billion with interest being accrued on the amount at almost j$250,000 per day.
Interest runs from the date of the judgment in July 2014.