ADVANC in Joy as the Court Dismisses TOT’s Petition for Revenue Sharing Worth ฿1.3Bn

ADVANC in Joy as the Court Dismisses TOT’s Petition for Revenue Sharing Worth ฿1.3Bn.

Advanced Info Service Public Company Limited (AIS) stated that the Central Administrative Court has resolved to dismiss TOT’s petition to pay revenue share of the international direct dialing service worth 1,354 million baht.

 

The reference is made to the dispute that ADVANC submitted to the Thai Arbitration Institute claiming TOT Public Company Limited (TOT) to pay revenue share of the international direct dialing service according to the amendment no.3 and 4 of the 900MHz Mobile Service Concession Agreement (the Agreement as of today has already been expired).

On May 1, 2017 the Arbitration ruled that TOT should pay the revenue share of the international direct dialing service during the period of November 2008 to September 2012 to AIS in the total amount of 1,354 million baht including interest at the rate of 7.5 percent per annum as well as the revenue share from the period of October 2012 until the end of the Concession Agreement.

TOT then submitted the petition to the Central Administrative Court asking for the revocation of the Arbitration ruling.

 

On 22 January 2021, the Central Administrative Court has resolved to dismiss TOT’s petition, resulting in TOT shall pay the revenue share of international direct dialing service to AIS in accordance with the Arbitration ruling. However, TOT has the right to appeal to the Supreme Administrative Court within 30 days. Should there be any further significant update, the Company will inform accordingly.

 

คำค้น