By Nathan Allen
Daimler and Deutsche Telekom reached an agreement with the German Federal Government, ending a 14-year dispute over the implementation of their jointly run Toll Collect toll-management system for trucks, Daimler said late Wednesday.
The total settlement amounts to 3.2 billion euros ($3.78 billion), including all compensation and penalties paid since 2006, and a final payment of EUR1.1 billion that Daimler and Deutsche Telekom will divide equally.
Daimler said the settlement could knock around EUR600 million off its earnings before interest and taxes in the current quarter.
Deutsche Telekom didn't specify the financial impact of the settlement.
Daimler and Deutsche Telekom both currently hold 45% of Toll Collect, which manages Germany's road-toll system. Vinci Cofiroute subsidiary holds the remaining 10%.
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