Total Access Communication or DTAC, and its former concession owner CAT Telecom or CAT, on Thursday announced an agreement to settle most of the existing disputes and all potential claims relating to the concession agreement for a total amount of Bt9.51 billion.
The Disputes Settlement Agreement between DTAC and the state telecom agency marks an important milestone in the long-standing relationship between the two entities, according to a press release issued by DTAC on Thursday.
The agreement enables a fresh start for a new infrastructure partnership, DTAC said. This will also significantly reduce current uncertainty relating to arbitration awards and court verdicts.
The agreement does not cover the dispute over revenue sharing with regards to excise tax and the disputes over the revenue sharing with regards to the telecom network interconnection charges.