Arbitral Tribunal dismisses AV Asia’s RM300m counter claim against Astro unit

KUALA LUMPUR: The Arbitral Tribunal has ruled that Astro Malaysia Holdings Bhd’s unit Measat Broadcast Network Systems Sdn Bhd (MBNS) did not breach its agreement with AV Asia Sdn Bhd.

In dismissing AV Asia’s counterclaim of AV Asia for RM300mil, Astro said on Monday the tribunal ordered AV Asia to pay costs in the sum of US$1.05mil to MBNS.