TT&T ceases legal dispute, easing path to Jasmine infrastructure fund listing

10 Nov 2014

Reuters writes that Thai provincial telco TT&T has ended a legal dispute with its former parent Jasmine International over ownership of high speed network operator Triple T Broadband, an action which reportedly should open the way for Jasmine to launch its planned infrastructure fund with a market capitalisation of up to THB70 billion (USD2.2 billion). The fund listing had been put on hold due to legal complications with TT&T alongside domestic political uncertainty. In June, TT&T took Jasmine subsidiary Acumen to court, alleging it had contravened an agreement to sell it a stake in Triple T; various other ongoing legal disagreements exist between TT&T and the Jasmine group.

Thailand, Jasmine International Group, Triple T Broadband (3BB), TT&T