"Turks settle with Motorola for $500M
SCHAUMBURG, Ill., Oct. 28 (UPI) -- Motorola Inc. accepted a $500 million cash payment Friday to settle claims against a Turkish cell phone operator and a Turkish bank.
The financial and legal claims against Telsim Mobil Telekomunikasyon and the Turkish Savings and Deposit Insurance Fund are being dropped in exchange for both the $500 million and also the right to receive 20 percent of the proceeds from the sale of Telsim assets over $2.5 billion. "
More:United Press International - NewsTrack - Turks settle with Motorola for $500M
