(RTTNews) -  InteleCom Inc. (IECM.PK: News ) said that it has terminated its alliance with WorldTel Xchange Inc., saying that WorldTel could not and did not provide the equipment nor the services required to fulfill the projected plan.

InteleCom relied on internal management but more importantly relied heavily on outside consultants to perform the necessary due diligence of WorldTel Xchange.
The alliance began to unravel recently as orders could not be met by WorldTel Xchange and upon even more recent investigation, WorldTel Xchange, a private company, is now embroiled in numerous lawsuits involving a hostile takeover, upon learning of these most recent events, InteleCom terminated the alliance with cause and cut all ties with WorldTel Xchange.

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by RTT Staff Writer

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