General Announcement::AIS - Judgement of Central Administrative Court Page 1 of 1
GENERAL ANNOUNCEMENT::AIS - JUDGEMENT OF CENTRAL ADMINISTRATIVE COURT
Issuer & Securities
Issuer/ Manager
SINGAPORE TELECOMMUNICATIONS LIMITED
Securities
SINGTEL - SG1T75931496 - Z74
Stapled Security
No
Announcement Details
Announcement Title
General Announcement
Date &Time of Broadcast15-Jun-2020 18:18:25
Status
New
Announcement Sub Title
AIS - Judgement of Central Administrative Court
Announcement Reference
SG200615OTHRM3YH
Submitted By (Co./ Ind. Name)
Lim Li Ching (Ms)
Designation
Assistant Company Secretary
Description (Please provide a detailed description of the event in the box below)
Attached is a release issued by Advanced Info Service Public Company Limited, a joint venture company of Singapore Telecommunications Limited.
Attachments
AIS-JudgementOfCentralAdminstrativeCourt.pdf
Total size =155K MB
https://links.sgx.com/1.0.0/corporate-announcements/UDI3QF4TEV60ABJJ/e1f9353... 15 Jun 2020
-Translation-
AIS-CP 014/2020
12 June 2020
Subject: The judgement of the Central Administrative Court of the NBTC's claim for revenue incurred during the remedy period of 900 MHz temporary service after the Concession expiry
To:
President
The Stock Exchange of ThailandReference is made to resolution of the National Broadcasting and Telecommunication Commission("NBTC")orderingAdvanced Info Service Public Company Limited (the "Company") to payrevenue incurred during the remedy period of 900 MHz service after the expiration of the 900 MHz Agreement with TOT Public Company Limited, which is between October 1, 2015 to June 30, 2016 in the amount of Baht 7,221 million. According tothe NBTC's notification,the Company is obliged during the remedy period of 900MHz service, to submit revenues after deducting any expenses to the NBTC Office while continued maintaining standard of services and accelerating the transfer of users. However, as the number of users continued decreasing while expenses to maintain and operate the service remained greater than the revenues generated, the Company has no remaining revenue to submit to the NBTC Office. The Company therefore filed a lawsuitto revoke NBTC's resolution tothe Central Administrative Court.
The Company would like to inform that on 12 June 2020, the Central Administrative Court has revoked theNBTC'sorder resulting in the Company not liable to the claim amount of Baht 7,221 million. The ruling is based on the fact that during the remedy period, the Company has expenses which incurred from the service greater than the revenues generated; therefore, the NBTC's order is unlawful.
However, the NBTC 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.
Please be informed accordingly.
- Signed -
(Mr. Tee Seeumpornroj) Chief Finance Officer
Advanced Info Service Public Company Limited
Attachments
- Original document
- Permalink
Disclaimer
SingTel - Singapore Telecommunications Limited published this content on 15 June 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 June 2020 10:47:02 UTC