M1 Faces Lawsuit Over Circles.Life MVNO Contract
M1, a subsidiary of Keppel, has been hit with a lawsuit by Liberty Wireless, the parent company of MVNO Circles.Life, over a contract signed in 2019.
According to a stock market filing, Liberty Wireless alleges that M1 refused to negotiate in "good faith" to amend the agreement, which they claim is necessary to address the implications of the wholesale framework issued by the Infocomm Media Development Authority in January 2020.
M1 does not find merit in the case and intends to defend its position at the appropriate forum.
The lawsuit is not expected to affect the proposed sale of M1 to Simba Telecom, according to Keppel. M1 is the third-largest mobile operator in Singapore, with 1.6 million connections as of end-September, according to GSMA Intelligence data.
Author's summary: M1 sued by Liberty Wireless over MVNO contract.
- Lawsuit filed by Liberty Wireless, parent of Circles.Life
- Contract signed in 2019
- M1 to defend its position