On Tuesday, the share price of Jasmine International Public Company Limited (SET: JAS) at the time of 10.28 a.m. was at THB 1.50, a THB 0.05 or 3.45% increase with a total trading value of THB 57.34 million.
Soraj Asavaprapha, CEO of JAS, provided an update on the progress regarding the dispute between Jasmine Submarine Telecommunications Company Limited (JSTC), a JAS subsidiary, and National Telecom Public Company Limited (NT), concerning revenue sharing under the joint investment contract for building the Eastern Submarine Cable Network. The Supreme Administrative Court has ruled that NT must pay JSTC both the principal and interest as required by law.
Recently, the company announced that yesterday (October 6), JSTC received a confirmation letter from NT stating it will pay JSTC the total amount of THB 5,136,904,788.13, including interest calculated up to August 29, 2025, by October 10, 2025. This sum will be recorded as a special profit in 4Q25, leading to the company’s highest operating results this year.
However, the settlement will also not be used to offset the costs of English Premier League (EPL) broadcast rights. Since the EPL project is self-sustaining, the amount will be allocated in three ways: (1) payout of a special dividend to shareholders, (2) cash reserve for financial stability, and (3) investment in new businesses or workforce restructuring.
