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ADVANC stunned!! Tribunal ordered ADVANC to pay 3 billion to TOT in Prepaid Service and Roaming Expense Dispute
After many cases, today (29 January 2021), the Arbitral Tribunal issued the award by majority vote (3:2), ordering ADVANC to make the payment of 31,076 million baht plus interest of 1.25% per month commencing from 30 November 2015. Advanced Info Service Public Company Limited (ADVANC) and TOT Public Company Limited (TOT) has submitted the dispute to the Thai Arbitration Institute on 30 September 2015 and 30 November 2015, respectively.
Under such dispute, TOT claimed an additional payment of 62,774 million baht under the amendment no.6 and no.7 to the Cellular Mobile Telephone Service agreement. TOT claimed that the amendment no.6, amended on 15 May 2001 regarding the reduction of revenue share in prepaid service, and no.7, amended on 20 September 2002 regarding the deduction of roaming expense, resulted in the reduction of benefit to TOT when compared to the main service agreement. However, ADVANC refused to give in and proceed to submit the case to the Central Administrative Court for the revocation of the Arbitral Tribunal’s award. The dispute is not final, and the ADVANC will take further legal action. For any further updates on this matter, please follow at www.thac.or.th .
Sources : https://www.kaohoon.com/content/338647
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