3BB Fails to Pay Full Rental Fee to JASIF, Facing 7.5% Fine Rate

BBL Asset Management Co., Ltd., (BBLAM) as the management company of Jasmine Broadband Internet Infrastructure Fund (SET: JASIF), has made a clarification about the rental fee payment from Triple T Broadband Public Company Limited (3BB).

BBLAM stated that as at April 17, 2023, JASIF has received the rental fee in the amount of THB 750.0 million from 3BB, the total amount of rental fee per month is THB 943.1 million and the partial outstanding balance is THB 193.1 million.

Furthermore, 3BB has informed JASIF that the ongoing intense competition in the fixed broadband market and the increasing operation costs has impacted on its operating cash flow.

Under the Lease Agreement between JASIF and 3BB, it has a clause that 3BB can delay the rental payment within 15 days after the due date which ends on May 2, 2023. In the meantime, 3BB will have to pay a fine at the rate of 7.50% per annum until the monthly rental fee is fully paid.