True seeking to revoke TOT arbitration award

16 Oct 2018

True Corporation has filed a petition with the Central Administrative Court to revoke an arbitration award given to TOT in their dispute over ADSL services. True emphasised it did not breach the contract for joint operation and investment in providing ADSL, dating back to 2005. In September 2018 True was ordered by an arbitration tribunal to pay a penalty to TOT for breaching the agreement to provide ADSL services, or allowing other parties to make use of the system’s equipment. The penalty is reportedly around THB94 billion (USD2.8 billion).

Thailand,TOT, True Corp,

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