TRUE Delights as Arbitrator Dismisses CAT’s Claim on ฿12bn. Interconnection Charges
TRUE had announced that Arbitral Tribunal rendered the award in favor of TRUE by dismissing CAT’s claims on IC issue worth THB 12 billion.
True Corporation Public Company Limited (TRUE) had made an announcement in reference to the arbitration claim filed by CAT Telecom Public Company Limited (CAT) on 1st September 2011 against True Move Company Limited (TrueMove), a subsidiary of TRUE, claiming for compensation in full from deducting the Interconnection Charges (IC) from revenue sharing before calculating the benefit to CAT in operation year 10th to year 14th in the amount of approximately THB 11,946.15 million.
In this connection, TRUE would like to report the material progress of the case that on June 4, 2019, TrueMove had been informed by attorney that the Arbitral Tribunal rendered the award in favor of TrueMove by dismissing CAT’s claims as IC is a kind of expenses, not revenue of TrueMove; therefore, TrueMove was not obliged to make a payment claimed by CAT.