Telecommunications giants MCI and AT&T have settled several claims they have against each other, including an AT&T lawsuit which alleged MCI had fraudulently redirected millions of dollars worth of call-routing fees to AT&T last year.
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MCI filed an agreement to end the companies' claims against each other with the judge overseeing its bankruptcy proceedings.
The terms of the agreement were not disclosed, but AT&T agreed to end its call-routing lawsuit against MCI, and MCI agreed to withdraw its responding contempt of court claims against AT&T.
The two companies also agreed to settle claims against each other for access and other charges unrelated to the AT&T lawsuit.
MCI, still officially known by its prebankruptcy name of WorldCom, had claimed AT&T owed it $220m in access fees. Each company had disputed the other's claims.
Officials from both companies called the settlement good for both companies in a press release issued by MCI.
MCI had denied the AT&T allegations.
MCI was scheduled to emerge from bankruptcy at the end of this month but asked for a 60-day extension to complete US Securities and Exchange Commission paperwork.
Grant Gross writes for IDG News Service