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NeraTel to pay $1.03 mil to Sandvine Corporation on contractual disputes

Felicia Tan
Felicia Tan11/1/2021 8:24 AM GMT+08  • 1 min read
NeraTel to pay $1.03 mil to Sandvine Corporation on contractual disputes
The sum, to be paid out in the FY2021, is expected to have a material impact on NeraTel’s results for the period.
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Nera Telecommunications (NeraTel) says it has received a statutory notice of demand to pay Sandvine Corporation the sum of CA$975,374.05 ($1.033 million) on Oct 29.

This follows discussions with Sandvine in relation to contractual disputes between both parties for the provision of equipment and services by Sandvine to NeraTel.

See: Nera Telecommunications sees 33.6% lower group revenue of $22.8 mil in 1Q21

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