PARIS (AFX) – A Paris court has rejected a lawsuit filed by Clear Channel against JCDecaux SA over the recent attribution of an outdoor advertising and bike hire system contract by the city of Paris, which Clear Channel claims was unfairly granted to JCDecaux.
The mayor’s office, which announced the court’s ruling, said it will now proceed with the signing of the 10-year contract with JCDecaux.
The contract was awarded in January, but Clear Channel argued that not only were there ‘irregularities’ in the tender process, but also that JCDecaux’s offer was not feasible for either company.
JCDecaux has promised to pay the city 3.5 mln eur each year for the rights to manage the advertising on bus shelters and other outdoor supports, while supplying 20,600 bikes and 1,451 rental stations by the end of 2007.
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