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Superloop directors wanted ‘firm response’ to Aussie Broadband breach

Jenny Wiggins

Superloop’s board discussed whether Aussie Broadband was “aware” it would breach Singaporean rules when it snapped up a near 20 per cent stake in Superloop earlier this year before getting the necessary regulatory approvals, court documents show.

In its defence to legal action brought by Aussie Broadband, Superloop claims minutes from a March 14 board meeting show its directors were worried how a breach of the company’s constitution would be perceived by Singapore’s Info-communications Media Development Authority (IMDA).

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Jenny Wiggins writes on business, specialising in infrastructure, telecommunications and transport. Connect with Jenny on Twitter. Email Jenny at jwiggins@afr.com

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    Original URL: https://www.afr.com/companies/telecommunications/superloop-directors-wanted-firm-response-to-aussie-broadband-breach-20240625-p5jon5