GlobalConnect A/S: Arbitration ruled against GlobalConnect A/S


As stated in the accounts for GlobalConnect A/S, Skyline - a subsidiary of ELRO
Energi Gruppen - in bankruptcy has raised claims to repayment of DKK 34.6
million regarding a sale of fibres on IRU terms.

Despite the fundamental character of the case, the Danish Institute of
Arbitration has decided to issue a ruling against GlobalConnect A/S.
GlobalConnect A/S, because of the fundamental character of the case for the
telecommunication industry, considers taking actions to get the case rejected.



The Danish Institute of Arbitration's ruling affects GlobalConnect A/S's 2014
accounting negatively with DKK 20.6 million before tax.






[HUG#1905910]