The Company's operations do not have an impact from news
09 มีนาคม 2553
-Translation-
AIS-CP 023/2010
March 9, 2010
Subject: Clarification the Company's operations do not have an impact
from the news.
To: The President
The Stock Exchange of Thailand
As everyone is currently aware, the judgment of the Supreme Court, Criminal
Division for Persons Holding Political Positions, rendered on February 26,
2010, concerns Advanced Info Service Public Company Limited ("AIS") in some
aspects. Later on, there was a comment from an academic on the judgment [of
the Supreme Court, Criminal Division for Persons Holding Political Positions]
through the press that, with reference to the judgment, there were damages
sustained by the government agencies arising out of amendments to the mobile
phone concession agreement. He believes that the government agencies will
initiate a civil case claiming a large amount of damages in this regard, and
that AIS or its affiliated companies may opt to pay installments of such
damages if their managements view that the business is still viable; or opt to
let the company go bankrupt.
Despite AIS viewing such opinion as a personal comment from a person with a
non-legal background, such opinion may cause investors' understanding to
greatly deviate from actuality and cause investors to lose confidence in AIS
resulting in damages to AIS's image. AIS would like to explain that the
judgment does not contain any ruling or analysis on the result, the validity
or invalidity of the relevant law, cabinet resolution or the actions
previously taken in accordance with amendments to the concession agreement
concerning AIS. The consequence of the judgment is limited to the holding that
some property of the person holding political position was improperly acquired
by an abuse of power while being in a political position. No notice of any
further conclusion has been given to AIS. Should any legal proceeding be
initiated by related parties, such proceeding shall be in accordance with the
law and justice. AIS will then have an opportunity to provide the facts to
prove its innocence and good faith. AIS believes that the outcome of this
controversy will be fair to TOT Public Company Limited, AIS and other relevant
telecommunication business operators.
Please be informed accordingly.
Yours sincerely,
-Signed-
Mr. Wichian Mektrakarn
Chief Executive Director
Advanced Info Service Plc.