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Mexico's Iusacell sues IBM for $2.5 billion

Wednesday, April 16, 2014


 

Mexican telecoms firm Iusacell sued U.S. technology giant for $2.5 billion over alleged fraudulent misrepresentations made in Mexico.

The Grupo Salinas-owned firm said that IBM induced it to enter a contract with IBM's Mexican subsidiary that led to a more than three-year delay in revamping its information technology systems.

Iusacell said it would not have partnered with IBM had it known its representations were false and would not be honored.

Full story (in Spanish)