Dependence on Partnership with PT&T and Operation of Telecommunications Facilities
First written in FY2018. 2 of 4 entries say "Mitigated", first in FY2020-Q1. Latest entry: FY2020-Q2.
The whole theme swung hardest in 2022: 2 of 18 companies on the "Worse" side.
2 other companies' latest entry also says "Mitigated".
- FY2020-Q2MitigatedAnnual report
「The relationship between the company and PT&T has remained stable over the long term, and they plan to continue their partnership and conduct business together. PT&T had been subject to the Financial Rehabilitation and Insolvency Act of 2010, which provides for rehabilitation proceedings, but a capital increase has since been carried out under a new owner and the civil rehabilitation proceedings have concluded.」
The company states that PT&T's civil rehabilitation proceedings have concluded, that its relationship with PT&T has remained stable over the long term, and that the partnership is expected to continue. - FY2020-Q1MitigatedAnnual report
「PT&T had been subject to the Financial Rehabilitation and Insolvency Act of 2010, which provides for rehabilitation proceedings, but a capital increase has since been carried out under a new owner and the civil rehabilitation proceedings have concluded.」
The company states that a capital increase was carried out under PT&T's new owner and that the civil rehabilitation proceedings have concluded. - FY2019RestatedAnnual report
「However, PT&T is subject to the Financial Rehabilitation and Insolvency Act of 2010, which provides for rehabilitation proceedings, and is currently undergoing rehabilitation proceedings under the supervision of the court and a rehabilitation receiver. As of the date of filing this document, the status of the rehabilitation proceedings is unknown.」
The company reiterates the risk arising from its dependence on PT&T, its partner and the operator of the facilities, while PT&T is undergoing rehabilitation proceedings, as well as the fact that the business partnership agreement may be terminated with 6 months' prior notice. - FY2018MaterialisedAnnual report
「PT&T is subject to the Financial Rehabilitation and Insolvency Act of 2010, which provides for rehabilitation proceedings, and is currently undergoing rehabilitation proceedings under the supervision of the court and a rehabilitation receiver.」
The company states that its partner is already undergoing rehabilitation proceedings and that the agreement may be terminated with 6 months' prior notice.