Clarification of the Arbitral ruling between DTAC and DPC
02 เมษายน 2551
-Translation-
AIS-CP 043/2008
April 1, 2008
Subject: Clarification of the Arbitral ruling between DTAC and DPC
To: President
The Stock Exchange of Thailand
Advanced Info Service Public Company Limited ("the Company") would like to
clarify the Arbitral ruling, reference made to the Arbitral Case Black
No. 55/2549, between Digital Phone Co., Ltd., which 98.55% is held by the
Company, and Total Access Communication Public Company Limited (DTAC),
claiming DPC for the assignment of the rights to operate the PCN 1800, the
facilities and equipment, the roaming fee according to the Agreement to Unwind
the Service Provider Agreement, which details are as follows;
On 25 March 2008, the Arbitral has a ruling of Arbitral Case Black No. 55/2549
that DPC should pay DTAC for the amount of US$ 69,901,211.20 plus interest
rate at the rate of 9.5% per annum from the claimed amount of
US$ 87,376,514.00.
The Company and DPC are now considering whether to file the case at Civil
Court to revoke the ruling.
The aforesaid amount is part of the total amount claimed by DTAC, Baht 4,739
million (excluding the default interest) in which it has been booked in full
amount as the concession right payable in DPC financial statements and the
Company consolidated financial statement as of 31 December 2007.
Please be informed accordingly.
Yours sincerely,
-Signed-
Mr. Vikrom Sriprataks
Director
Advanced Info Service Plc.