As such, Liberty Wireless is now seeking a declaration that M1 is obliged to enter into such negotiations and it should take place within 14 days.
Shares of Keppel Limited opened 18 cents lower at $8.98 from $9.16 on Oct 13 after the group’s indirect subsidiary, M1, had been served with an originating application by Liberty Wireless in the High Court of Singapore.
According to Keppel’s filing on Oct 13, Liberty Wireless is alleging that M1 has wrongfully refused to enter into “good faith negotiations” to amend or vary the contract signed in 2019 in relation to the framework for the wholesale of mobile services issued by the Infocomm Media Development Authority (IMDA) in January 2020. The contract was signed between M1 and Liberty Wireless on May 22, 2019 in respect of Liberty Wireless’ mobile virtual network arrangements with M1.
