• 
• 

According to the company's filing to the Stock Exchange of Thailand yesterday, SIM reached a compromise with TOT on the overdue service fee of Thai Mobile, the cellular joint venture of TOT and CAT Telecom. TOT will pay SIM Bt1.476 billion of the overdue amount

SIM yesterday withdrew its suit against TOT and CAT from the Civil Court. On December 21, 2007, SIM filed a case against both state agencies to enforce their payment of the overdue fee for customer service and billing to SIM, totalling Bt1.115 billion. SIM also demanded Bt1.533 billion in damages, including interest on the outstanding amount.

SIM stopped providing services to Thai Mobile in June after deciding it would no longer wait for payment of the overdue bills.

TOT said some of the contract conditions with SIM were unfair, especially the fixed-rate billing.

According to the contract, which expired last October, SIM was charging each subscriber a service fee of Bt80 per month, or a monthly overall minimum of Bt10 million. The billing fee was set at a flat rate of Bt1.8 billion for the life of the contract, which expires next year.

Thai Mobile commenced service in 2003 and hired SIM in 2002 to handle customer service, billing and the distribution of numbers to dealers.

TOT shut down Thai Mobile last week as a step toward the development of its third-generation mobile broadband service. The state agency is taking over CAT's stake in Thai Mobile.