Monday, February 27th 2012
Creative Sues Huawei Over Failed Contract
Singapore's Creative filed a lawsuit against Chinese company Huawei for US $9.3 million, for the latter's failure to honour a WiMAX broadband project for which it was paid. Creative's subsidiary QMax Communications paid Huawei the amount ($9.3 million) in 2010, for setting up WiMAX infrastructure in Singapore. Creative's Q2 FY'12 financial statement, released earlier this month, stated "QMax has suspended the wireless broadband project as the vendor for the equipment has failed to deliver on the key network performance requirements set out in the relevant supply contract."
Sources:
StraitsTimes, VR-Zone
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