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November 16, 2007 |
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TRUE MOVE: AIS to Request TOT to Settle Access Charge Dispute Advanced Info Service will officially request TOT PCL to legally settle its disputes with Total Access Communications PCL and True Move PCL over access charges, the Bangkok Post reports. TOT's damages will only grow as long as the issue remains unresolved, AIS said. AIS said its interconnection charges to the two operators will reach THB3 billion by the end of this year, AIS president Wichien Mektrakarn said. The company said it had not been able to send interconnection bills to True and DTAC, with whom it signed interconnection fees in February this year, because of concerns that TOT will pursue legal action alleging a bypass of the state telecom's network to set up direct links with the two operators' networks. TOT and DTAC, Mr. Wichien said, had been able to send interconnection bills to AIS. AIS had expected to collect more than THB2 billion in interconnection fees from the two firms, the company official said. However, he added, net gains jumped THB400 million in certain amounts, making it possible for the total fees to reach THB3 billion by December 31. DTAC and True Move refused to pay access charges to TOT after the National Telecommunications Commission introduced interconnection charges last year, the Post recounts. Mr. Wichien said it will send a note to TOT to explain why its subsidiary Digital Phone ceased payments of access charges five months ago, hoping to pressure TOT to find a legal solution to the dispute. About True Move True Move, a subsidiary of True Corporation Plc, Thailand's only fully integrated communications solutions provider, convergence solutions leader, and premier lifestyle enabler, offers innovative and high quality wireless communications services on its nationwide 1800MHz network to 8.1 million subscribers (March, 2007) throughout Thailand. TrueMove's vision is to create a pioneering wireless hi-speed lifestyle where people can communicate as well as access knowledge, information, and entertainment whenever, wherever, and however they wish. The company delivers superior coverage, quality, and best value services, leveraging its relationshps with True Corporation and the CP Group. TrueMove offers unique integrated products and services to the Thai market. For more information please visit http://www.truemove.com/ or http://www.truecorp.co.th/ The Troubled Company Reporter-Asia Pacific reported on Aug. 15, 2007, that Moody's Investors Service affirmed its B1 bond rating for True Move Company Limited with a stable outlook. The issue of the US$225 million, seven-year senior, unsecured bond has been completed and the rating is removed from provisional status. The TCR-AP reported on July 26, 2007, that Standard & Poor's Ratings Services affirmed its 'B+' long-term corporate credit rating on True Move. The outlook is negative. |
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