Singtel's Thai unit not liable to pay $323.62m to local regulator

Uploaded By:  Nathanielle Punay Submitted By:  Nathanielle Punay Case Study:  No This follows after AIS filed a lawsuit against Thailand’s NBTC. Singtel’s Thailand associate Advanced Info Service Public Company (AIS) has been found not liable to the claim amount of $323.62m (THB7.22b), revoking National Broadcasting and Telecommunication Commission’s (NBTC) order, an SGX filing revealed. “The ruling is based on the fact that during the remedy period, [AIS] has expenses which incurred from the service greater than the revenues generated; therefore, the NBTC's order is unlawful,” the document stated. read more