DTAC to pay THB9.5bn to settle most legal disputes with CAT Telecom

10 Jan 2019

Total Access Communication (DTAC), a subsidiary of Telenor Group, has agreed to pay THB9.5 billion (USD96 million) to settle a number of legal disputes with state-owned CAT Telecom. The deal does not include two disputes over revenue sharing regarding excise tax and interconnection charges. Of the total agreed pay-out, THB6.8 billion will be paid after the deal is approved by DTAC’s shareholders, while the rest will be paid after the cases are withdrawn from the courts. Telenor said in a press release to the local stock market: ‘Over the 27-year concession period, DTAC and CAT have been engaged in numerous litigation cases, mostly over differences in interpretation of the concession agreement … Today’s settlement will close all, except two, issues between DTAC and CAT, and will also bar the parties from bringing new claims pertaining to the concession regime.’

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