Superloop directors wanted ‘firm response’ to Aussie Broadband breach

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).