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.
In its claim, Liberty Wireless is also alleging that the May 2019 contract may contain an error and/or mistake and that it will, if necessary, seek to rectify the contract to “reflect its rights to seek the foregoing reliefs”.
In response, M1 says it has instructed counsel and does not find the allegations meritorious. It also intends to “vigorously defend its position” at the appropriate forum.
The proposed acquisition of M1 by Simba Telecom, announced on Aug 11, is also unlikely to be adversely affected by the outcome of the legal proceedings, says Keppel.
See also: Investors may want to keep an eye on cable
As at 10.47am, shares in Keppel are trading 4 cents lower or 0.44% down at $9.12.
