Astro Malaysia Holdings Berhad (Astro) today announced that on 10 October 2014, its wholly owned subsidiary Measat Broadcast Network Systems Sdn Bhd (MBNS) received the decision of the Arbitral Tribunal in relation to the arbitration proceedings between MBNS and AV Asia Sdn Bhd (AV Asia).

The arbitration proceedings was in relation to AV Asia’s allegation that MBNS had breached the terms of a Mutual Non-Disclosure Agreement dated 1 August 2008 (“MNDA”) in the manufacture and supply of satellite dishes.

The Arbitral Tribunal ruled that MBNS is not in breach of the MNDA. The Arbitral Tribunal also dismissed the Counterclaim of AV Asia for RM300 million and ordered AV Asia to pay costs in the sum of USD1,051,554 to MBNS.