TM and MYTV announced that they have executed a settlement agreementto settle all their disputes in relation to the arbitration.
This refers to the their claims and counterclaim issues by both parities over unpaid invoices and failure to provide service in accordance to the service agreement.
During the perios MYTV was seeking relief at the Asian International Arbitration Centre that TM is not entitled to be paid the amount of RM91,714,254.47 or any amounts being claimed by the telecommunication operator.
MYTV claimed the invoices issued by TM were null and void and was requesting for special damages of RM42,812,314.00, special damages of RM64,016,049.00 from TM’s failure to provide a completely redundant 1+1 Network Configuration for 11 DTT sites; RM3,270,107.83 as liquidated ascertained damages for late delivery by TM for 14 DTT sites;
It also said a sum of RM7,168,736.43 per annum ought to be deducted from the invoices rendered to MYTV under the Service Agreement as a reduction or discount in respect of 16 DTT sites and special damages of RM167,781,558.00 as at 31 December 2022 and a sum of RM28,061,647.00 per annum from 1 January 2023 to the date of the award and/or general damages to be assessed in respect of the failure, refusal and/or neglect by TM to make available Metro-Ethernet Network (“Metro-E”) to MYTV;
MYTV also filed for special damages of a sum of RM7,188,000.00 and/or general damages to be assessed for losses arising from TM’s breach of the Service Agreement and/or negligence and/or breach of duty of care in relation to failures at 5 DTT sites;
