Santiago's court of appeals has dismissed, in a second instance, a lawsuit filed in 2002 by the Chilean unit of Spanish giant Telefónica (NYSE: TEF) against Chile's government for alleged damages due to what the operator says were errors in telephony rate calculations between 1999 and 2004.
Telefónica was requesting an indemnity of US$200mn.
According to the resolution, the arguments were dismissed since there were no mathematical errors, and the ruling in the first instance does not violate the law.
Regarding the second issue included in the lawsuit - related to the costs of editing, printing and distributing phone books - the court determined the arguments do not give rise to a trial to request indemnity.
Use this link to see the full text of the ruling, in Spanish.