Quanta subsidiary wins $177M ICC arbitration award against Peruvian agencies

QUANTA SERVICES, INC.

ICC tribunal (3-0) awarded Quanta subsidiary Redes ~$177M in Peru project dispute.
Award includes repayment of bond amounts, payment for completed work, lost income, and costs.
Decision final but subject to limited annulment in Peruvian court; Quanta intends to enforce.
Interest accrues on the $177M award until payment date.
Dispute concerns two terminated telecommunications projects in Peru.

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