06 Sep 2018 17:17:00
Notification on the disputes of True Corporation Public Company Limited
Jor Tor 11- 610194 6 September 2018 To: The President The Stock Exchange of Thailand Re: Notification on the disputes of True Corporation Public Company Limited Referring to the announcement of True Corporation Public Company Limited ("TRUE") on the progress of (a) the resolution of the National Broadcasting and Telecommunications Commission ("NBTC") imposing upon True Move Company Limited, a subsidiary of TRUE, to submit its revenue from providing mobile phone service on 1800 MHz frequency spectrum during the subscribers protection period starting from its entering into the interim subscribers protection measure pursuant to the NBTC's Notification on Protection for Subscribers upon the Expiration of Concession Agreements or the Agreement to Operate B.E. 2013 in an amount of Baht 3,381.95 million; and (b) the award rendered by the Arbitral Tribunal ordering TRUE to pay TOT Public Company Limited ("TOT") penalty for a breach of contract in relation to an arbitration claim against TRUE, claiming that TRUE was in breach of the Joint Operation and Joint Investment Agreement in providing high speed internet (ADSL) service or allowing other parties to make use of the said system's equipment to provide ADSL service and claimed for the damages from their lack of revenue from ADSL service. TRUE expresses its disagreement with both the said NBTC's resolution and the Arbitral Tribunal's award and will take further possible legal action to dispute the above matters. We, SCB Asset Management Company Limited as the management company of Digital Telecommunications Infrastructure Fund (the "Fund"), would like to inform you that the Fund has been aware of these incidents and based on the aforementioned announcement of TRUE, both the NBTC's resolution and the Arbitral Tribunal's award are not final and TRUE will take further possible legal action to appeal the matters. Based on this, the Fund believes that these matters will not adversely affect the operation of the Fund yet and the Fund will closely monitor these matters and further inform the unitholders accordingly. Please be informed accordingly. Yours Faithfully, Digital Telecommunications Infrastructure Fund By SCB Asset Management Company (Mrs. Tipaphan Puttarawigorm) Executive Vice President, Property and 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.