ADVANC Dodges ฿13.5Bn Claims from CAT in Transferring Telecom Equipment Allegation

ADVANC Dodges ฿13.5Bn Claims from CAT in Transferring Telecom Equipment Allegation after the Arbitrator Dismisses the Case.

ADVANC has stated that the Arbitration Committee has resolved to dismiss the CAT’ s dispute in the allegation of transferring telecom equipment, which CAT claimed 13,431 million baht and an additional claim for opportunity loss of 116 million baht per month plus default interest rate at 7.5% per annum.

 

The reference is made to the legal dispute that CAT Telecom Public Company Limited (CAT) submitted to the Alternative Dispute Resolution Office, the Arbitration Institute, Court of Justice on January 31, 2018, referring to the Agreement for operations regarding cellular telecommunication services between CAT and Digital Phone Co., Ltd. (DPC), the subsidiary company of Advanced Info Service Public Company Limited (ADVANC) which has already expired. Under the dispute, CAT demands DPC to transfer the ownership of telecom equipment consisting of 4,657 telecommunication towers, 3,012 containers, power supply, mobile number portability system and call center system which DPC collectively used with AIS. The total claim is 13,431 million baht and an additional claim for opportunity loss of 116 million baht per month plus default interest rate at 7.5% per annum.

 

Today, ADVANC stated that DPC has received the Arbitration Committee resolution which resolved to dismiss the CAT’ s dispute. As a result, DPC is not obliged to transfer telecom equipment nor make payment for any claim by CAT.

However, CAT is eligible to file a petition to the Central Administrative Court to revoke the Arbitration’s resolution within 90 days.

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