Financial impacts are limited: Jas
Play
Jasmine International (Jas) insisted that the failure to obtain the 900MHz licence would lead to limited financial impacts.
In the filing to the Stock Exchange of Thailand, Pete Bodharamik, chief executive officer of the company, said that the company's legal advisor said that the only impact was the forfeiture of the Bt644 million bid guarantee.
"Jas Mobile (Broadband - the subsidiary) does not violate any condition as stipulated by Clause 5.2 of NBTC Notification. Thus, such forfeiture does not significantly impact the financial statements of the company," he said.
The Stock Exchange of Thailand has halted Jasmine International share trading today, pressing for the company's explanation on the impact.
