Kenya Data Networks Limited (KDN) and Soliton Telmec Limited (Soliton) have settled their disputes outside court regarding outstanding accounts and verification of work done.

By the terms of the settlement agreement, Soliton has undertaken to withdraw the Winding-up petition filed against KDN in the High Court of Kenya and both parties have agreed to withdraw the various applications and appeals arising from the Petition.

According to Mr. Shahab Meshki, Chief Executive Officer of KDN, the dispute was amicably resolved, and both parties are looking to continue their mutual business relationship.

“We sat down with the Soliton Management, and all disputes relating to payment and verification of work done were settled to the satisfaction of both parties.

Thereafter, the amounts agreed to be outstanding, with necessary adjustment and set off, were duly settled,” Mr. Meshki said.

Mr. Meshki said that it was unfortunate that the matter went to court.

“KDN is not, and has never been in financial difficulties – as evidenced by the present settlement. As such it is unfortunate that this matter ended up in court. Both parties have agreed to look into possible ways and means to continue with their partnership in areas of collaboration, and mutual interest. KDN is a successful and vibrant business. We are a carrier of carriers, and provide key telecommunication infrastructure services to leading enterprises in East Africa, and will continue to do so,” he said.

Commenting on the latest developments at KDN, Mr. Meshki also said: “We recently opened our new headquarters at Sameer Business Park, and just last month we launched our world class Data Centre – the first of its kind in East Africa. Also of notable significance is the fact that we have just completed the Kampala to Kigali fibre link, which is about to go live. These developments evidence the promising future of a vibrant and solvent business that remains in tandem with the growth and prosperity in the region, and is gearing up accordingly.”

Engineer Abdirahman Sheikh, the Chief Executive Officer of Soliton, fully agreed with Mr. Meshki that it was unfortunate that the matter went to court. “We now concur that there is no issue of KDN being insolvent or having financial difficulties. Unfortuantely the dispute and the court action arose because of misunderstandings in the financial documentation and accounting records between the companies. These issues have now been fully resolved.”

“In our long relationship with KDN before this court action, we have known the company to be innovative, responsible and a major carrier of carriers that provides important communication services not only in Kenya but also in the region as a whole, and we are proud to have been part of KDN’s success. We are ready again to be part of KDN’s future success as we work in to possible ways and means of future co-operation,” he concluded.