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B18.35bn sought from True.

Bangkok Post (Bangkok, Thailand)

| June 02, 2005 | COPYRIGHT 2005 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Komsan Tortermvasana

Jun. 2--TOT Corporation is demanding 18.35 billion baht in damages from True Corporation on charges of violating the two parties' joint operation concession contract.

Seven cases are now before an arbitration tribunal with two more cases being prepared for filing, pending an assessment of the damages, according to TOT executive vice-president Prinya Visessiri.

He said that True, which operates fixed-line services in Bangkok and cellular services nationwide, violated its concession contracts by entering certain businesses without seeking prior approval from TOT.

In a breakdown of the damages, TOT is seeking ...

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