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Singtel associate AIS not obliged to transfer telecom equipment or make payment to CAT telecom

Felicia Tan
Felicia Tan1/15/2021 8:0 AM GMT+08  • 1 min read
Singtel associate AIS not obliged to transfer telecom equipment or make payment to CAT telecom
Shares in Singtel closed 3 cents higher or 1.2% up at $2.51 on Jan 14.
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Singapore Telecommunications (Singtel)’s Thai associate, Advanced Info Service Public Company (AIS) has received the Arbitration Committee resolution which dismissed state-operator CAT Telecom Public Company’s dispute.

The resolution was received by AIS’s subsidiary Digital Phone Co (DPC) that stated that DPC is not obliged to transfer telecom equipment or make payment for any claim by CAT.

However, CAT is eligible to file a petition to the Central Administrative Court to revoke the resolution within 90 days.

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