Have complied with contractual obligations, says Nimbus

The sports broadcaster has said it is working towards full resolution of any differences with BCCI

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Have complied with contractual obligations, says Nimbus

Have complied with contractual obligations, says Nimbus

The sports broadcaster has said it is working towards full resolution of any differences with BCCI

BestMediaInfo Bureau | Delhi | December 14, 2011

publive-imageNimbus Communications, reacting to reports on the cancellation of the Rs 2,000-crore cricket telecast rights licensed to it by the Board of Control for Cricket in India (BCCI), has said in a press statement that it has “acted in compliance” of its contractual obligations.

The statement said: “Given the confidentiality provisions of such contracts, Nimbus is unable to discuss details with the media, but can confirm that it has acted in compliance of its contractual obligations and variations agreed between the parties from time to time.”

It added: “Nimbus is working towards achieving full resolution of any differences that may have arisen between the parties and is hopeful of a reasoned conclusion of these in the coming weeks. Obviously, it has fully reserved all its rights and options, including invoking the arbitration process if need be.”

It further said that no further statement will be made by Nimbus in this regard till its discussions with BCCI are concluded in the coming weeks.

It was reported yesterday that BCCI had terminated its four-year deal with Nimbus with immediate effect, allegedly for non-payment of dues. BCCI had said in a statement: “Nimbus has defaulted. They have not paid the 50 per cent advance payment of both the England and West Indies series and that is why the contract was terminated.” The contract was till 2014.

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