World Access will Telekom verklagen.... - 500 Beiträge pro Seite

[froesi0815]

Leider nur in Englisch.
Klage lt. Text in Brüssel oder USA. Bitte verbessert mich falls ich mich verlesen hab.


World Access Allows Liquidation of TelDaFax In Light of Deutsche Telekom`s ActionsGerman Incumbent Refused Company`s Cash Payment; Damage to TelDaF
Wednesday, April 11, 2001 10:36:23 AM - PR Newswire



ATLANTA, Apr 11, 2001 /PRNewswire via COMTEX/ -- World Access, Inc. (Nasdaq:
WAXS) announced today that the Company`s talks with Deutsche Telekom AG ("DT")
regarding the obligation owed to DT by World Access` subsidiary, TelDaFax AG
(Germany: TFX), have failed to reach a satisfactory conclusion in spite of World
Access` announced commitment to fund that obligation. Following several days of
negotiations in which World Access indicated its intent to honor TelDaFax`s debt
to DT, Deutsche Telekom disconnected TelDaFax`s circuits at mid-day on April 5,
effectively cutting off service to most of TelDaFax`s German customers.

Over the course of the following days, World Access continued to offer DT
payment in exchange for restoration of TelDaFax`s circuits and pre-payments by
TelDaFax for future services. The Company was set to wire transfer DM 30 million
to DT on Friday, April 6, and was prepared to contractually commit to pay the
remaining outstanding balance by the end of May. An agreement providing for
these payments and for the restoration of TelDaFax service was delivered to DT
by the Company`s German counsel on the morning of April 6, and would have
provided for service to be restored by midday on Saturday, April 7. After
delaying discussion of the agreement until Friday evening, DT abruptly suspended
talks until Monday April 9, effectively eliminating any opportunity for TelDaFax
circuits to be restored before Tuesday April 10.

As a consequence of DT`s apparent lack of desire to reach an agreement, and the
resulting delay in reactivating TelDaFax service, World Access` management
concluded today that irreparable harm has been caused to the commercial
prospects of TelDaFax. It is management`s belief that the vast majority of
TelDaFax`s long distance customers have switched to another carrier, most likely
DT itself, during the period that service has been down. As a result of DT`s
actions, TelDaFax, which filed for insolvency on April 2 in an attempt to avoid
cancellation of services with DT, is expected to be liquidated by the insolvency
administrator appointed by the court.

John D. Phillips, Chairman and Chief Executive Officer of World Access said, "On
March 31, World Access committed to Deutsche Telekom that it would be in a
position to guarantee funding of TelDaFax`s obligations to DT by Friday, April
6. We met that commitment. Unfortunately, we now believe that it was never the
intention of DT to come to a good faith agreement on terms that were in their
financial interest as a creditor. As a creditor, their interest was best served
by full collection of past due amounts and prepayment for services until such
amounts were collected. This is what we agreed to provide, including an
immediate payment of more than half of the outstanding balance.

"As a competitor, however, DT`s financial interest was obviously best served by
recovering the vast majority of TelDaFax`s customer base, and earning gross
margins on that business which over time will be well in excess of the amounts
owed by TelDaFax. DT`s actions clearly indicate to us that it would prefer to
have its former customers returned and its monopoly position restored, rather
than receive cash payments for TelDaFax`s debt.

"This is an obvious example of the failure of deregulation, when a former
monopolist is allowed to favor its interests as a competitor over those as a
creditor. As long as competitive carriers are entirely dependent on
interconnection with the former monopoly, there must be protections against this
sort of self-serving anti-competitive behavior. This action has not only
destroyed the value created by the fine efforts of TelDaFax`s employees and the
capital contributions of its investors, but it has also dealt a serious blow to
competition itself."

World Access has engaged its German and U.S. counsel to evaluate potential
claims to be brought against DT in Germany, Brussels and/or the U.S.

[froesi0815]

@schiffi1

Sorry schiffi, habe nicht gesehen das du schon einen Thread eröffnet hast!!

[schiffi1]

@froesi0815

Nicht schlimm.
Du hast wenigsten zu dieser Nachricht den Text gefunden.
Schade das er nur auf Englisch ist.
Mein Englisch ist nicht besonders gut.
Hoffentlich kann jemand noch eine deutsch Version finden

[Bat2k1]

Da die Forderungen schon in der dritten Mahnstufe waren hatte die DTAG jedes Recht der Welt, einen solchen Vorschlag abzulehnen.

The Company was set to wire transfer DM 30 million
to DT on Friday, April 6, and was prepared to contractually commit to pay the remaining outstanding balance by the end of May

Ende Mai ist noch verdammt lange hin ... und bis dahin könnte Teldafax weiter Verluste erwirtschaften, die letztlich die Aktionäre der DTAG zu erdulden haben. Es ist betriebswirtschaftlich korrekt, so zu handeln, und rechtlich völlig abgesichert. Anscheinend kennen sich die Herren von World Access nicht mit dem deutschen Mahnrecht aus. Pech gehabt!

[MacDoc]

Der große Mist:

WA als Hauptaktionär gibt die Erlaubnis zum Abschuß:

World Access Allows Liquidation of TelDaFax In Light of Deutsche Telekom`s ...

in Anbetracht der schlechten finanziellen Situation ...

Also Lichter aus - raus ?

[Ritzv.M.]

Eben, Bat2k1, wer nicht bezahlt wird nicht beliefert; Fertig. Nicht mehr und nicht weniger. Sowas nennt man volkswirtschaftlich Bereinigung, betribswirtschaftlich ist´s nicht zuletzt Risikovor-(eher nach?!)sorge, wenn der Debitor das Maß ausreizt...

Frage mich schon, woher hier die Poster ihre wirtschl. Grundbildung haben...

RVM