KUALA LUMPUR, CelcomDigi Bhd announced that its wholly owned unit, CelcomDigi Mobile Sdn Bhd, has received a notice of arbitration from IMMA Technology Sdn Bhd regarding a dispute over a services agreement signed nearly four years ago.
In a filing with Bursa Malaysia, the company said IMMA is seeking RM72.59 million in alleged loss of profit, or alternatively RM28.28 million for claimed wasted expenditure.
The agreement, signed in March 2022, involved the provision of credit advance services on a revenue-sharing basis with no upfront payment to IMMA. However, the launch of the service was postponed due to the Celcom-Digi merger. After the merger, a new request for proposal (RFP) was issued in November 2023 with an expanded scope to cover both subscriber bases, but IMMA did not participate despite being invited.
Corporate records show that IMMA’s sole shareholder is its director, Charbel El Litani, who also serves as chief executive officer of InMobiles Holding — a global ICT solutions provider with operations across the Middle East, Africa, Europe, Asia and the US. CelcomDigi said it strongly disputes the claims and intends to defend its position vigorously.
“The arbitration is not expected to have any material operational or financial impact on the group for the financial year ending Dec 31, 2025,” the company said. CelcomDigi’s shares closed three sen higher at RM3.69 on Monday, valuing the group at RM43.29 billion.
