News Detail

Date/Time
15 Nov 2017 17:57:00
Headline
Progress of the preparation of the agreements in relation to the additional investment No. 2 and No. 3
Symbol
DIF
Source
DIF
Full Detailed News
Download Full Detailed News
                JorTor 11-600415                        November 15, 2017

Subject:    Progress of the preparation of the agreements in relation to the 
additional investment No. 2 and No. 3
Attention:    The President
The Stock Exchange of Thailand
Referring to the Notification No. Jortor. 11-600382 dated 6 November 2017, SCB 
Asset Management Company Limited (the "Management Company") as the management
company of Digital Telecommunications Infrastructure Fund (the "Fund"), has
disseminated the Notice for the Unitholders' Meeting and Supporting Documents in
Relation to Investment in Additional Telecommunications Infrastructure Assets
(the "Notice for the Unitholders' Meeting") which contains the preliminary
summary of the draft material  agreements in relation to the telecom
infrastructure assets of the Fund. Terms defined in the Notice for the
Unitholders' Meeting have the same meaning in this letter unless given a
different in this letter.
In light of the proposed investment by the Fund in the Additional Telecom 
Infrastructure Assets No. 2 and the Additional Telecom Infrastructure Assets No.
3, the Management Company has made progress on preparing the agreements to be
entered into by the Fund with relevant subsidiaries of True Corporation Public
Company Limited ("True Group") in relation to the Additional Telecom
Infrastructure Assets No. 2 and the Additional Telecom Infrastructure Assets No.
3. Further, we would like to update certain agreement in principle between the
Fund and True Group for True Internet Corporation Co., Ltd. ("TICC") and True
Move H Universal Communication Co., Ltd. ("TUC") as lessees or sub-lessee under
the relevant amended and restated agreements related to the lease and sub-lease
of certain telecommunications infrastructure assets that are fiber optic cables
between the Fund and each of TICC and/or TUC (as the case may be) that no
company within True Group shall build any new fiber optic cables on the same
routes as those sold and/or leased by any Selling Entity or any company within
True Group to the Fund as of the date the closing of the Additional Investment
No. 2 having occurred (and if and once the Additional Investment No. 3 occurs,
as of the date the closing of the Additional Investment No. 3 having occurred)
except in case where (i) the fiber optic cables made available to be leased
and/or sub-leased by any company within True Group from the Fund do not have
enough capacity required by the relevant company(ies) within True Group, (ii)
the Fund refuses to lease such the available capacity of the fiber optic cables
to any company within True Group or (iii) the parties cannot agree on the terms
for the lease of such available FOC, in each of such cases such company within
True Group may build new fiber optic cables on the same routes to meet its
requirement. Such provision, which we believe is of benefits to the Fund and the
unitholders, shall be reflected in the amended and restated FOC Master Lease,
Operation and Management Agreement and the amended and restated FOC Sub-Lease,
Operation and Management Agreement and shall survive the expiry of the relevant
lease/sub-lease term of the fiber optic cables under such agreements. Such
provision in the execution version of the amended and restated FOC Master Lease
Agreement and the amended and restated FOC Sub-Lease Agreement may differ from
the provision contained in this letter but will not be material different.

Please be informed accordingly.


Yours faithfully,
Digital Telecommunications Infrastructure Fund
By SCB Asset Management Company Limited


(Ms. Pijittra Trirattanathada)
Executive Vice President, Property & Infrastructure Investment Group
______________________________________________________________________
This announcement was prepared and disseminated by listed company or issuer 
through the electronic system which is provided for the purpose of dissemination
of the information and related documents of listed company or issuer to the
Stock Exchange of Thailand only.  The Stock Exchange of Thailand has   no
responsibility for the correctness and completeness of any statements, figures,
reports or opinions contained in this announcement, and has no liability for any
losses and damages in any cases.  In case you have any inquiries or
clarification regarding this announcement, please directly contact listed
company or issuer who made this announcement.